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Chinese EV manufacturers BYD, Xpeng, and Leapmotor are unveiling new models at IAA Mobility 2025, expanding their presence in Europe despite tariffs and trade tensions. Meanwhile, Tesla's market share in the US continues to decline as competitors gain ground through aggressive pricing and new offerings.
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Tesla reported a record 497,099 vehicle deliveries in Q3 2025, a 7.4% increase year-over-year and a 29% jump from Q2, driven by a rush to claim the expiring $7,500 US federal EV tax credit. Rivian also saw quarterly delivery growth but lowered its 2025 forecast. Tesla's European sales fell 22.5%, while China deliveries included a new Model Y variant. Munro EV in Scotland plans to create 300 jobs to scale production of its all-terrain electric vehicle.
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Recent developments highlight a slowdown in US EV sales and industry shifts. GM adjusts plans due to policy changes, Tesla's new models face criticism, and Chinese automakers expand globally. The industry is navigating policy impacts, market competition, and profitability challenges as EV adoption evolves.