Chinese EV makers’ overseas outlook improves as Europe levels the playing field

AI Summary
Chinese EV manufacturers like BYD and Leapmotor are increasing their focus on overseas expansion, particularly in Europe, due to a slowing domestic market and a more welcoming stance towards EVs in the West. Europe's EV market experienced significant growth in 2025, outpacing China's growth rate, driven by supportive legislation and increased consumer subsidies. This positive environment allows Chinese companies to leverage their technological and cost advantages to increase sales and improve their global image. Exports now account for 20% of BYD's sales, a significant increase from the previous year. The shift reflects a strategic move to capitalize on favorable conditions in the European market.
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Source Transparency
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