In October, China’s share of the global electric vehicle (EV) market surged to 76%, driven by strong domestic demand, with 69% of the 14.1 million EVs sold between January and October being sold in China. Despite facing significant challenges from Western tariffs, particularly in the US and EU, China’s EV industry continues to grow rapidly, bolstered by government subsidies and strong domestic support. The US has effectively blocked Chinese EVs with tariffs of up to 100%, and the EU has imposed additional tariffs. However, China’s domestic market remains resilient, with the government recently doubling subsidies for EV buyers. Chinese EV exports have shifted focus towards Russia, where exports have surged 109% over the past two years, as Western competitors retreat due to geopolitical risks.