In 2024, although the export volume of Chinese-made BEVs to the EU declined by 12.1% YoY, they remained the main export type. Meanwhile, ICE and PHEV exports increased by 27.6% and 66.9% YoY, respectively.

In 2024, Tesla China ranked first in exporting PVs from China to the EU, despite a 23% YoY decline, holding a 25.4% market share. SAIC was second with a 33% drop, while Volvo Asia-Pacific ranked third with a 29% increase. BYD’s growth of 120% allowed it to surpass Chery, claiming the fourth spot with a 10.7% market share.

Belgium was the top destination for Chinese PV exports to the EU in 2024, with export volume growing 24% YoY, accounting for 37.1% of total exports. Spain and Italy ranked 2nd and 3rd, with YoY changes of -14% and +16% respectively. Romania was the fastest-growing market, with exports increasing by 833% in 2024.

Belgium and Spain are the main destinations for Tesla and BYD exports, accounting for 70% of the share. Meanwhile, SAIC and Chery’s primary export destination in the EU is Italy, followed by Spain.

Livanauto primarily exports to Spain, while Polestar’s top two export countries are Germany and Sweden. BMW Brilliance, Smart, and Lynk & Co mainly export to Belgium and Spain.

In the European region, the top three countries for Tesla China’s exports in 2024 are Belgium, the UK, and Spain. Belgium saw a YoY increase of 16%, accounting for 53.1% of the total, while the UK and Spain declined by 32% and 61%, respectively. Romania recorded the highest growth, whereas the Netherlands experienced the largest decline.

Excluding the European region, the top 3 countries for Tesla China‘s exports in 2024 are Canada, Australia, and Thailand, with YoY declines of 30%, 27%, and 74%, respectively. The Philippines, UAE, Mexico, and Indonesia are new export destinations for Tesla China in 2024, while Singapore is the only country to record a YoY increase.