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Volkswagen to cut 100k jobs, halve model lineup amid China competition
El FinancieroLO·DE · CN·about 2 hours ago
Xiaomi announced plans to enter European EV markets, including Germany, starting next year, signing dealer agreements in eight groups. This follows a pattern of Chinese EV makers expanding into Europe despite EU tariffs, signaling sustained competitive pressure on European automakers. The move underscores the resilience of Chinese EV exports amid trade barriers.