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PRESS CUTTINGS
Bloomberg, US
16.08.2024
China’s Electric Vehicles Lose Ground in EU After New Tariffs Take Effect
"We saw a huge push from Chinese manufacturers” to empty stockpiles in June, said Matthias Schmidt, an independent auto analyst based near Hamburg. “That likely caused an inventory burn.”
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BBC News, UK
04.07.2024
EU/China provisional BEV tariff implementation
Financial Times, UK
28.06.2024
Oliver Blume, VW and Porsche boss steering an EV strategy shift
“Blume may be looking to be the first CEO to divert more attention to North America than his predecessors,” said Matthias Schmidt, an independent auto analyst. “If he can succeed here it could arguably be just as large a step as when former Volkswagen CEO Carl Hahn [from 1982 to 1993] decided to double down on China.”
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BBC, UK
10.06.2024
Why the EU might be about to make Chinese electric cars more expensive
According to Matthias Schmidt of Schmidt Automotive Research, this would be a rather more proportionate response than the US move.
“The 100% tariff is just pure protectionism, regressive and stifles innovation, and prevents a competitive landscape for the consumer," he says.
“If the EU imposes tariffs of no more than 25%, it will be more about levelling the playing field, and evening out the 30% cost advantage Chinese manufacturers have..."
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Frankfurter Allgemeine Zeitung, Germany
29.05.2024
Chinesischer Autohersteller GWM entlässt alle Mitarbeiter in Europa
Nach Erhebung des Marktforschungs-Dienstleisters Schmidt Automotive hat GWM in Europa im ersten Quartal weniger als 900 vollelektrische Autos ....
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Frankfurter Allgemeine Zeitung, Germany
29.05.2024
Chinesischer Autohersteller GWM entlässt alle Mitarbeiter in Europa
Nach Erhebung des Marktforschungs-Dienstleisters Schmidt Automotive hat GWM in Europa im ersten Quartal weniger als 900 vollelektrische Autos ....
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Politico Europe, Brussels
28.05.2024
Is the EU already in a trade war with China?
While German auto brands are exposed to China, their premium models would be able to take such a hit, according to Matthias Schmidt, a European automotive analyst: “The models impacted are all high-end premium models that can either soak that up in higher pricing or lower margins but remain profitable.” Similarly, analysts expect Chinese exporters to be able to swallow whatever the EU decides in its subsidy investigation.
Full article
Financial Times, UK
14.05.2024
Stellantis dealerships in Europe to sell EVs made by Leapmotor
“Leapmotor benefits from an established player in a new market for them as they look to de-risk from a crowded and highly competitive, low margin domestic market,” said Matthias Schmidt, an independent auto analyst. “Access to European production plants at underutilised Stellantis facilities” would also allow Leapmotor to navigate any potential changes to import tariffs in Europe, he added.
Full article
Financial Times, UK
10.05.2024
Carmakers bet on hybrids as shift to EVs slows
According to Schmidt Automotive Research, Chinese brands like BYD as well as brands such as Polestar that manufacture in China accounted for almost 10 per cent of the fully electric cars registered in western Europe in March. That is up from just over 4 per cent two years ago.
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Financial Times, UK
09.05.2024
BYD targets overtaking Tesla as top electric vehicle seller in Europe by 2030
BYD’s battery-electric car market share in western Europe was just 1.7 per cent in the first quarter of 2024, according to Schmidt Automotive Research.
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Nikkei, Japan
08.05.2024
Europe faces up to China's EV dominance as carbon-zero targets loom
German manufacturers, for example, are relying on their "premium brand equity," via big names like BMW, Mercedes, Audi and Porsche, as a "moat to protect them from cheaper and more homogenous new brand entries," according to Matthias Schmidt, European Automotive Market Analyst of Schmidt Automotive Research.
Schmidt said Chinese premium brands are "having little success" in Europe, a sign that this approach is working so far.
Full article
Handelsblatt, Germany
02.04.2024
Tesla-Absatz sinkt überraschend deutlich – Aktie fällt stark
Laut Experten setzt dem Unternehmen außerdem die erstarkende Konkurrenz zu. „Bislang war Tesla allein auf weiter Flur, aber das ändert sich dramatisch“, sagt Matthias Schmidt, Gründer der Branchenberatung Schmidt Automotive. Das sei vor allem in China der Fall, dem größten Automarkt der Welt.
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The Economist, UK
26.03.2024
Europe’s economy is under attack from all sides
Yet Chinese brands already make up 9% of the pure-battery market in western Europe, according to data from Matthias Schmidt, an automotive ...
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PRESS ENQUIRIES
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