Chinese electric car manufacturers Zeekr and Nio achieved their highest ever delivery figures in the People's Republic in June. According to CNBC, this was provided by market giant Geely. Zeekr delivered 20,106 vehicles in June. This brings total annual sales to 87,870 electric cars. This easily exceeds Nio's total deliveries of 87,426 vehicles. nio sold 21,209 electric cars in June.
CNBC reported that hybrid-powered vehicles still dominate the market in the People's Republic. Li Auto is leading the way in this segment, with sales of 47,774 cars in June. In the first half of the year, the manufacturer delivered a total of 188,981 vehicles.
Electric cars are booming in China
According to the report, the proportion of new electric car sales in China rose to 47 percent (as of May).
The Chinese government is supporting domestic electric car manufacturers. That's why BYDGeely, Nio and Co. sell their vehicles cheaper than Western suppliers such as Tesla.
This is driving sales for Chinese manufacturers: According to Statista, the People's Republic produced 6.3 million battery-electric cars and around 2.86 million plug-in hybrids in 2023. Both were significant increases compared to the previous year 2022.
US reacts with punitive tariffs against China
The US and EU accuse Beijing of violating World Trade Organisation (WHO) rules with state aid. To offset what it sees as unfair competitive advantages for Chinese electric car makers, the US government is imposing 100 percent import tariffs on electric cars from the People's Republic.
The EU Commission is threatening China with similar measures. The maximum rate of import tariffs is expected to be 38.1 percent.