US Media: The Middle East crisis has unexpectedly benefited Chinese EV manufacturers. At the beginning of the year, they were grappling with weak domestic demand and overcapacity, but the oil price surge triggered by the Iran war has boosted overseas EV consumption.
Data from the International Energy Agency shows that Chinese EV exports increased by 120% year-on-year in the first half of 2026. EV sales in countries such as Brazil, Australia, South Korea, and Vietnam have roughly doubled since the outbreak of the war, while Colombia has seen a fourfold increase. The agency has raised its forecast for global EV sales share in 2026 from 25% to 29%. In China, the share of EVs among new car sales has already surpassed half, and traditional automakers are seeing their market share eroded at an accelerating pace.
Original article: toutiao.com/article/1873147328553984/
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