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Tesla Inc. (TSLA) has managed to maintain its dominance as the leading electric vehicle (EV) brand in Norway, thanks largely to strong sales of its Model Y, according to recent data. However, it appears that Chinese manufacturers have made significant inroads into the country’s rapidly expanding EV market, now claiming around 10% of the market share.
Over a span of just four years since their entry into the Nordic nation, these brands have been successful in appealing to consumers with competitive pricing and advanced technology. In doing so, they have successfully secured their position among Norway’s top 20 best-selling carmakers, signaling an intense shift within the global automotive landscape.
Chinese EV brands such as BYD, XPeng, and MG have strategically prioritized Norway as a gateway to Europe, leveraging the country’s favorable policy environment and its population’s affinity for electric vehicles.
Source: coincentral.com
