The market share of the China after Germany delivered electric cars more than tripled in the first quarter. From January to March it rose to 28.2 percent, the Federal Statistical Office announced on Friday. In the same quarter of the previous year, the market share was still 7.8 percent. after one Chinese electric attackers stutter start
seem BYD, Nio and Co. have now reached the turning point.
At the same time, German exports of vehicles and vehicle parts to China fell by 23.9 percent to 6.3 billion euros. There was also an overall minus: exports to China fell by 12 percent to 24.1 billion euros in the first three months of the year – despite the abandonment of the strict zero-Covid policy, with which there was hope for an upswing the after the USA second largest economy in the world.
Overall, China remained Germany’s most important trading partner in the first quarter. However, the volume of foreign trade – the value of exports and imports – fell by 10.5 percent to 64.7 billion euros. This was little more than trading in the USA, which totaled 64.1 billion.