Europe’s EV sales surge as Chinese brands gain ground

MSN
2026.05.20 21:01
portai
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High oil prices from the Iran conflict have accelerated EV adoption in Europe, significantly boosting sales. Chinese brands like BYD saw inquiries in Germany surge by 25,000% in Q1, while XPeng and Leapmotor experienced triple-digit growth. Additionally, BYD has overtaken Tesla in battery storage, and XPeng has started mass-producing robotaxis, indicating a shift in market competition.