Tag: European Market
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Driving competition: China’s carmakers in race to dominate Europe’s roads
Europe’s roads warm to China’s carmakers China’s electric-vehicle (EV) makers are widening their footprint across Europe, turning a once-Tesla-dominated landscape into a competitive showroom for affordable, technology-forward cars. As European buyers grow more receptive to competitively priced, feature-rich models, Chinese brands are ramping up local presence—building on the same playbook that boosted their domestic market…
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Driving Competition: China’s Carmakers Race to Dominate Europe’s Roads
Europe’s Electric Future Meets Chinese Competition When a carmaker seeks to redefine an entire market, it doesn’t rely on one flashy showroom. It requires scale, logistics, and a deep understanding of local consumer needs. That is the backdrop as China’s carmakers accelerate their push into Europe, aiming to shape the next chapter of the continent’s…
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Tesla: End of US Subsidies Sparks Record Sales
Tesla: End of US EV subsidies sparks a record sales quarter In a surprising turn, Tesla rode a late-quarter surge to post a record delivery figure even as the policy landscape around US electric-vehicle subsidies changed drastically. The end of the government tax credit for electric cars appears to have underscored a complex mix of…
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Tesla’s Decline in European Sales: A Look at the Numbers
Tesla’s Struggling Sales in Europe For the eighth consecutive month, Tesla’s sales figures in Europe have shown a worrying downward trend. According to the latest statistics released by the European Automobile Manufacturers Association (ACEA), only 8,220 Tesla vehicles were registered in July 2023. This marks a staggering 36 percent decline compared to the same month…