Global EV Sales Rebound and Competitive Dynamics

Global EV sales rebounded sharply in Q2 2026 (+35% sequential). Australia July EV share 21.7%, BYD outsells Tesla for 5th month. Chinese export overhang 1M units. California hybrid registrations topped EVs in H1. Kia EV3 outsells all Hyundai Ioniq in Europe. Leapmotor B05 in Europe. Stellantis promotes Leapmotor CEO to global leadership, signaling deeper integration with Chinese EV tech and shifting power dynamics.