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China-made EVs win a growing number of European consumers, despite EU’s levying unfair tariffs_我的网站

A |     　　近期，美国长期国债收益率飙升至近20年高位引发担忧。    

    Visitors view an Xpeng electric vehicle at Expo Georgia in Tbilisi, Georgia, June 13, 2026. This year's expo was held here from Saturday to Sunday. Chinese automakers including BYD, XPeng, AVATR and JAC Motors have made appearances with their products at the expo. (Photo: Xinhua)
China-made electric vehicles (EVs) accounted for 14.2 percent of European market sales in the first five months of 2026 despite the EU's steep tariffs. The growth showed that trade‑protectionist barriers can only serve as short‑lived obstacles, as consumers' purchasing choice ultimately hinges on product competitiveness and China's EV strengths will support the automakers' long‑term growth, Chinese experts said.
The market share of electric cars sold by Chinese companies rose to 14.2 percent in European market in the first five months of this year, according to Schmidt Automotive Research. The 171,800 EVs sold there represented an increase in market share of five percentage points from one year earlier, the Guardian reported on Sunday.
The increase in European sales comes despite EU tariffs of up to 35.3 percent for EVs made by some Chinese manufacturers, on top of the standard 10-percent import duty. The UK is the largest European market for Chinese cars because London has declined to follow the EU's lead in imposing more levies. The UK accounted for a quarter of Chinese EV sales in Europe, according to the report.
Cui Dongshu, secretary-general of the China Passenger Car Association, told the Global Times on Monday that the surge showed trade protectionist policies have failed to contain Chinese automakers' overseas expansion.
Chinese EVs enjoy "a generational edge" over Europe's legacy carmakers. Their overall product strength remains the primary reason behind their popularity among European buyers, Cui said.
Meanwhile, fluctuating global oil prices have pushed up driving costs throughout Europe, fueling demand for affordable electric vehicles, a need well‑met by the affordable Chinese‑made models. Meanwhile, the gradual return of European electric‑vehicle purchase subsidies has lowered purchase barriers and lifted total EV sales, which has in turn worked to the advantage of Chinese exporters, Cui Dongshu said.
Chinese brands expanded their market share in Europe in the first half of 2026 driven by local subsidies and higher oil prices, Fitch Ratings said in a report sent to the Global Times.
The combined market share of leading Chinese brands in the EU, European Free Trade Association and UK rose to 11 percent in the first half of this year, up from 7 percent in the first half of 2025. The largest Chinese players, Geely Group (including Volvo Car) and SAIC Motor, expanded steadily despite the tariffs. The main drivers of market share gains were BYD, Chery and Leap Motor, according to Fitch Ratings.
Cui Dongshu noted that China's EV edge comes from its full‑fledged industrial ecosystem.
Officials from China's Ministry of Commerce told a press conference on July 28 that China boasts a complete, high‑efficiency EV industrial chain covering raw materials, auto parts, finished cars and production equipment, with industry clusters enabling rapid component supplies. China's huge market, the world's largest, has fueled 11 consecutive years of EV sales.
"Protectionism can only put up short‑term entry barriers. It cannot erase the solid strengths of Chinese EVs or stop Chinese brands from establishing a lasting foothold in Europe," Cui Dongshu said.
Yet, geopolitical risks remain as the EU reportedly considers expanding tariffs to restrict Chinese plug-in hybrid EVs.
German media Handelsblatt reported on June 19 that the EU is drawing up new measures to shield its single market more tightly against Chinese imports in the near future, citing senior EU officials and industry insiders. Specifically, the plan could contain countervailing duties to be levied on Chinese‑made plug‑in hybrids.
The rising market share of Chinese‑brand EVs amid EU tariffs has demonstrated that trade barriers cannot distort market choices. If the EU carries out its planned countervailing duties on Chinese plug‑in hybrids, the measure will yield only limited results, Cui Hongjian, a professor at the Academy of Regional and Global Governance at Beijing Foreign Studies University, told the Global Times on Monday.
Europe's problems stem from weak competitiveness and flawed energy policies. The EU ought to cast aside its confrontational mindset, remove unfair restrictions and pursue consultations and cooperation with China. Shifting industrial‑sector conflicts outward cannot remedy the weaknesses of its EV sector and will only damage the EU's reputation for destroying free trade, Cui Hongjian said.
。美国里士满联储主席汤姆·巴尔金最新警告称，美国债务不断膨胀最终将引发一场清算，他指出“到某个时刻，人们会停止购买你的债务”。　　巴尔金表示，如果美国债务继续攀升，最终将不可避免地迎来一场“清算”，但具体时间点难以预测。　　被问及美国联邦债务债务总额突破40万亿美元时，巴尔金表示，只要公众继续购买国债，政府就可以继续举债。但他警告存在人们停止购买美债的真实风险。　　“随着事态的发展，这终将面临清算。只是没人能预料到具体时间，我们拥有全球性货币和法治体系——这些正是人们持续购买我们债务的原因。但你知道的，总有一天，人们会停止购买你的债务，这就是当前存在的风险。”巴尔金称。　　本月，随着美债遭遇大幅抛售，长期国债收益率攀升至数十年高位，迫使美国财政部宣布采取非常规债务回购干预举措。　　动荡不安的债市引发了市场争论。虽然巴尔金并未预测短期内会出现危机，但他关于投资者最终可能停止购买美国国债的直白警示，与华尔街人士已经提出的担忧遥相呼应。　　近几周已有多位华尔街知名人士警告称，某种形式的债务清算发生的可能性正不断上升。　　这也是近期美联储官员针对美国举债可持续性发出的最为直白的警告之一。相比之下，巴尔金的美联储同僚们有关美债的表态则颇为谨慎。　　明尼阿波利斯联储主席尼尔·卡什卡利上周日表示，美国国债收益率上升并不构成担忧，也不太可能影响货币政策决定。　　“种种迹象表明，美国国债市场运作正常，交易正常进行，市场流动性充足，因此我们可以将联邦基金利率作为降低通胀的主要政策工具。”卡什卡利在接受最新采访时说道。　　而美国圣路易斯联储主席阿尔贝托·穆萨勒姆上周四在接受媒体采访时将美债抛售归因于政府借贷与人工智能（AI）发展融资需求之间的资金争夺。　　当前存在对资金的竞争，来自政府融资——政府融资总额——加上人工智能建设，而目前美国和全球各地都在为其提供融资，“穆萨勒姆当时表示，”有趣的是，通胀预期得到锚定。

B | 美联储的信誉并未受到质疑。　　加息大门仍敞开　　利率前景方面，巴尔金重申，鉴于通胀正在缓解，他目前仍倾向于维持利率不变，但也表示如果物价压力变得根深蒂固，官员们可能需要加息。　　这番表态意味着，尽管巴尔金的基本预期仍是按兵不动，但进一步收紧政策的大门并未关上。

C | 美联储的利率路径将高度依赖经济数据。　　同日，波士顿联储主席柯林斯表示，若数据未显示通胀持续降温，美联储可能需尽快加息。

D | 　　他们的言论恰逢美联储主席沃什周五将在杰克逊霍尔发表主题演讲之前，届时财政可持续性以及利率前景将是市场关注的焦点。市场普遍认为沃什的演讲将为9月政策会议释放重要信号。　　据CME“美联储观察”，目前美联储9月维持利率不变的概率为60.4%，加息25个基点的概率为39.6%。（文章来源：财联社）。

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