📊 Market Update | Chinese EVs in Europe

• Chinese automakers capture 12.8% EV market & 13% hybrid sales despite EU tariffs

• BYD expanding local production: Hungary (2026), Brazil, Turkey, possible Spain

• New entrants like Leapmotor & Chery grow via strategic partnerships

• European brands struggling to compete, pushing for regulatory easing

Chinese EVs are leveraging scale, pricing, and localization to dominate markets.

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