Guan Cha Zhe Wang·2025-09-11 08:03Core Viewpoint - The European electric vehicle market is witnessing intensified competition as German automakers, led by Volkswagen, prepare to counter the growing presence of Chinese competitors like BYD, which has been expanding its market share in Europe [1][4][10]. Group 1: German Automakers' Response - Volkswagen's CEO Thomas Schäfer stated that the company is ready to defend its dominant position in Europe against Chinese competitors, emphasizing the competitiveness of their new vehicle series [1][4]. - Mercedes-Benz and BMW executives expressed confidence in their electric vehicle capabilities, with Mercedes-Benz's CTO asserting that they are among the top players in the electric vehicle sector and do not fear competition from China [6][5]. - Volkswagen showcased four entry-level electric vehicles at the Munich Motor Show, with plans for a starting price of €25,000 (approximately 210,000 RMB) [5]. Group 2: Chinese Automakers' Expansion - BYD's executive vice president Li Ke claimed that Western competitors have not yet caught up with their electric vehicle technology, indicating significant growth potential for BYD [2][4]. - BYD plans to introduce its ultra-fast charging technology in Europe and aims to produce all electric vehicles in Europe within three years [6][10]. - Chinese automaker Changan plans to launch its Deepal S07 SUV in the UK, with ambitions to establish a factory in Europe and become a top ten car manufacturer in the UK market [7]. Group 3: Market Share and Trends - According to Schmidt Automotive Research, Chinese brands achieved a record market share of 5.7% in the UK and Europe automotive markets, with their electric vehicle market share rising to 10.7% [4][10]. - Volkswagen maintains a leading position in the European electric vehicle market with a market share of 30% as of August, while BYD's share increased from 2.5% to 3.8% [5][10]. - In the first eight months of 2023, China's automobile production and sales both exceeded 20 million units, with new energy vehicle sales reaching 45.5% of total new car sales [10].