Electric vehicles
EU advances ‘Made in EU’ Industrial Accelerator Act; China warns of countermeasures
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The European Commission has proposed the Industrial Accelerator Act, a flagship “Made in EU” initiative that would tie parts of public procurement and support schemes to local-content and low‑carbon requirements in selected strategic sectors. China’s commerce ministry has criticized the plan as discriminatory and warned it could respond if Chinese companies’ interests are harmed.
Stellantis and Leapmotor announced today an expansion of their strategic alliance, including production of a new Opel electric model at the Figueruelas plant in Zaragoza starting in 2028.
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Porsche has launched the 2026 Cayenne Electric, with the Turbo Electric version delivering 1,156 hp, making it the most powerful production car in the brand's history. This fully electric SUV provides up to 653 km WLTP range and charges from 10 to 80% in under 16 minutes. It was tested in Barcelona.
In January 2026, BYD outsold Tesla by a 10-to-1 margin in Australia's electric vehicle market, with 5,001 units versus Tesla's 501—a 641% surge for BYD and 32% decline for Tesla year-over-year. This builds on BYD's 2025 global overtake of Tesla and intensifying local competition in a market growing 93.3% annually.
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Tesla's challenging 2025 in Europe culminated in full-year sales drops across most markets—up to 68% in Sweden—but a 41% surge in Norway, where it claimed the top brand spot. This builds on December's trends of Norway strength amid broader declines, underscoring EV market divergences.