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The new trade war: China’s dramatic rise in the EV market [TechSpot]
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Eurostat, the EU’s statistical agency, released the latest data on car trade. China now accounts for nearly 50% of Europe’s EV imports. To put this in context, Europeans purchased about 9 million cars in 2022, of which 12%, or 1 million cars, were EVs. Of these, 500,000 originated from China.