Topic: skoda exit

VW, Toyota, Hyundai tap Chinese tech as local brands hold 70% market share

Foreign automakers briefly regained market share in early 2026 due to a "subsidy hangover" after China ended EV purchase incentives, but the long-term trend shows Chinese brands commanding nearly 70% of the market, with NEV penetration exceeding 54%. Domestic EV leader BYD saw sales drop over 30%...