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Europe Warms Up to Chinese EVs as Ties With the US Waver

Chinese electric vehicle sightings are surging across European roads despite trade barriers meant to block them, exploiting the EU’s fraying alliance with America and undercutting local manufacturers on price. BYD and rival brands swallowed the cost of Europe’s 35% import duties, pivoted to hybrid powertrains that avoid the levies, and still beat European competitors on sticker price. 

These changing market dynamics in Europe are likely to be analyzed closely by entities like Massimo Group (NASDAQ: MAMO) as they could have an impact on the…

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