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The Nexus
BUSINESSAug 4 · 07:26 UTCSCMP WORLDThemis Qi

Europe’s new EV power struggle sees Chinese giants seize record market share

Chinese electric vehicle (EV) makers and Tesla are competing in Western Europe, with Chinese brands' combined market share rising to 10.7% in Q2 2026 from 5.7% a year earlier. Rising EV demand and volatile oil prices are driving this shift.

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