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China’s BIG Win in Norway Shocks The EU… Germany is Reeling!

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Added by MiAmigo
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Norway has become a battleground for electric vehicle dominance, with Chinese manufacturers capturing 23% of the market share as of August 2024. While the EU imposes protective tariffs, Norway's position outside the union has allowed Chinese brands like BYD to thrive. The success stems from Norway's pro-EV policies, with electric vehicles making up 94.3% of new car sales. Chinese manufacturers offer cheaper prices and advanced technology, leaving traditional European automakers like Volkswagen struggling to compete. This shift represents a broader trend of Chinese EV makers expanding globally.

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Category
NORWEGIAN NEWS
Tags
blowme ai, Norway EV market, Chinese electric vehicles
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