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Chinese EV battery makers have beaten South Korean companies in Europe. The share of Chinese battery makers in the European market jumped to %跃升至今年上半年的39% from 15 in 2020, while the share of South Korean companies fell from 68 %下降至58%, according to market research firm SNE Research on October 29. same period. The market share of South Korean companies has been declining since it peaked at 70.6% in 2021.
Of course, it is not that demand is decreasing in the European market, on the contrary, European BEV sales are reaching new highs. 194,000 units were sold in August, up 103.2 year-on-year%。尽管插电式混合动力汽车（PHEV）的销量同比下降了15.7%, demand remained strong as battery electric vehicles accounted for a large share of the market. The battery capacity of a pure electric vehicle per vehicle is four to five times higher.
If South Korean companies want to regain market share in Europe, they will need to be highly competitive in price to win the price war with their Chinese rivals.
(Source: BK Image source: freepik)
