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In 2020, Chinese electric vehicle companies like NIO, Xpeng, and Li Auto were gaining significant attention, with expectations of dominating the European and global markets. However, as of 2023, recent car registration data in Europe indicates that these companies have not achieved the anticipated success. In Germany, Tesla continues to hold a strong market presence, with over 2,000 Model Y cars registered in February alone, while Volkswagen and Hyundai also report over 1,000 registrations for some of their models. In contrast, NIO managed only 13 registrations in February and 122 in March, highlighting their limited impact in the European EV market.