China’s EV export surge and BYD’s Europe push raise stakes
Record export surge: China exported around 809,000 passenger cars in May, a 73% jump year-on-year, with over half being EVs or plug-in hybrids.
BYD’s Europe strategy: BYD is shifting from low-cost imports to local production, premium brand expansion and charging infrastructure to secure a long-term foothold.
Korean EV challenge: Hyundai and Kia are matching innovation with value, offering advanced EVs like the Ioniq 5 and EV6 that rival both Chinese and legacy Western brands.
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