ChinaŐs EVs target Europe

Cheap electric vehicles from China are pushing into Europe, undercutting one of the regionŐs biggest industries. BYD expects to sell its Seagull for less than Ű20,000

BYD Seagull

Wheelbase: 2.50m
Length: 3.78m

55kW electric motor drives front wheels

Top speed: 130km/h
0-50km/h in 4.9 seconds

Batteries: 30.08kWh and 38.88kWh

Range: 305km to 405km

Recharge: From 30% to 80% in 30 minutes using fast charger


ChinaŐs EV market share in Europe (EU27, EFTA and UK)

Lithium-ion batteries manufactured in China are at least 20% cheaper than in Europe


2019 0.5%
2020 3.3% 
2021 3.8%
2022 6.2%
2023 8.7%
2024 Estimate 11.0%

  
Sources: Bloomberg, Dataforce, Transport & Environment
Picture: Getty Images
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