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Adamas Intelligence sees European EV market share of Chinese OEMs reaching upwards of 50% by next year

Through the first two months of Q3 2023, Chinese OEMs made up a record 37% of the nation’s EV exports to Europe (by GWh deployed), up from 22% in Q1 of this year, 8% in Q1 of last year, and just 6% in Q1 2021, according to data from Adamas Intelligence.

From January 2021 to present, an average of 16% of the battery capacity deployed onto European roads each month came from China-made EVs and packs.

While this proportion remains moderately stable in 2023, the share of Chinese OEMs in these exports is rising steadily.

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With Tesla manufacturing more and more EVs in Germany for the European market, Adamas expects that non-Chinese OEMs exporting EVs from China to Europe will continue to cede market share.

Consequently, we foresee the share of Chinese OEMs reaching upwards of 50% by early next year.

—Adamas Intelligence

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