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Demand for EVs continues its growth across Europe with Chinese brands increasing market share, new OLX data shows

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AMSTERDAM, July 28, 2026 /PRNewswire/ — Every electric vehicle market tracked by OLX Group (“OLX”) is still growing at double or triple-digit rates, and Chinese automotive brands are capturing a growing share of that demand, according to new data published today.

OLX, a global online classifieds leader with nearly 60 million daily listings across seven markets, has today published The Great Acceleration: East Meets Electric, which examines consumer demand for electric vehicles across five OLX automotive marketplaces: La Centrale (France), Autovit (Romania), Standvirtual (Portugal), Otomoto (Poland), and AutoTrader (South Africa).

The data shows EV adoption maturing into a structural trend rather than a short-term reaction: every market measured has now sustained double or triple-digit year-on-year EV lead growth, even as these growth rates ease from previously seen highs. Chinese automotive brands remain central to that story, with MG and BYD now among the leading Chinese brands in four of the five markets, as manufacturers continue to expand the availability of EVs at accessible price points.

Key findings

Every tracked market posted double- or triple-digit year-on-year EV lead growth in June 2026: France up 206%, South Africa up 154.6%, Romania up 66.0%, Portugal up 60.0%, and Poland up 34.3%.Portugal remains Europe’s most EV-mature market, with EVs accounting for 14.9% of leads, almost double the next closest market.France remains the fastest-growing EV market in the group and the one where EV prices are still climbing (+25% year-on-year).MG and BYD are now the most consistently dominant Chinese brands across the group, appearing among the leading brands in France, Romania, Portugal and Poland.

Christian Gisy, CEO of OLX, said: “The story our data tells is straightforward: where EV adoption is accelerating, demand for Chinese automotive brands is accelerating with it. That is no coincidence – Chinese manufacturers are actively expanding the market, bringing electric vehicles to consumers at lower price points than ever before. This means EVs are now more accessible for more people. The transition to electric mobility is happening faster, and more broadly, because Chinese manufacturers are in it.”

EV demand remains strong

Consumer interest in EVs remains high across all five markets, with every market recording double or triple-digit year-on-year growth in EV leads. France leads at 206%, followed by South Africa at 154.6%, Romania at 66%, Portugal at 60%, and Poland at 34.3%.

Portugal remains the most mature EV market, with electric vehicles accounting for close to one in seven leads on the platform (14.9%).

The report finds that demand, which surged in the months following the outbreak of the conflict in Iran in February 2026 as fuel costs and energy security became more prominent considerations for consumers, has since settled into a steadier, sustained pattern consistent with structural adoption rather than a short-term reaction.

Chinese automotive brands are helping unlock EV growth

As EV demand matures, Chinese automotive brands are moving from early experimentation to a phase where a smaller number of manufacturers are converting early interest into durable market share. MG and BYD now feature among the leading Chinese brands in four of the five markets tracked.

France recorded the strongest increase in consumer demand for Chinese automotive brands, rising 276% year-on-year – more than double the next-fastest market, Romania (119%). Portugal (74%) and Poland (95%) also recorded strong increases as Chinese manufacturers continued to expand their presence.

Chinese manufacturers continue to adapt to local market conditions. In Romania, where EV prices declined nearly 8% year-on-year, the increased availability of Chinese-made vehicles continues to expand access to more affordable electric vehicles. This differs from France, where consumer interest in Chinese automotive brands keeps growing despite a 25% increase in EV prices, reflecting sustained demand in a supply-constrained market.

Chinese manufacturers adapt to local market dynamics 

While EV demand is strong across all five OLX markets, the report shows Chinese manufacturers continuing to adapt their vehicle offering, pricing and market positioning to reflect each market’s stage of EV adoption.

Portugal, Europe’s most mature EV market, continues to show Chinese brands competing on technology and model choice as much as price, with Xpeng now among the leading brands alongside MG and BYD. Poland remains the group’s most diversified Chinese brand market by brand count, with MG, BYD and Omoda leading. 

South Africa represents a different stage of market development. Chinese brands account for the highest share of demand in the group (7.31%), led by Haval, but that demand is concentrated on petrol and hybrid SUVs rather than EVs – just 0.3% of Chinese brand demand there is electric. This reflects the influence of local infrastructure, driving conditions and consumer preferences, with Chinese manufacturers adapting their approach to each market rather than pursuing a single strategy across all five. 

Methodology

All figures are drawn from leads-based consumer activity across OLX Group’s five automotive marketplace platforms. La Centrale (France), Autovit (Romania), Standvirtual (Portugal), Otomoto (Poland) and AutoTrader (South Africa). “Leads” refers to meaningful user engagement: views, enquiries, and contact events. Data is as at 30 June 2026. Full methodology is available in the report.

About OLX Group

OLX is a global digital marketplace leader that builds AI-native marketplaces people trust, serving millions of people, professionals and businesses across Europe and South Africa every month. Leveraging scale and powerful AI innovation across its trusted brands, OLX helps people sell and buy cars, find housing, get jobs, buy and sell household goods, and much more. OLX Group is the classifieds business of Prosus, a global technology company and the power behind the leading lifestyle ecommerce brands in Latin America, Europe and India. For more information on OLX, visit www.olxgroup.com. 

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STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

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October 24, 2026

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

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SOURCE Straight Shooter Media

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Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

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31 minutes ago

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October 24, 2026

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TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

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Club Offers for Travel Enthusiasts in Canada

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2 hours ago

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October 23, 2026

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

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SOURCE Travelzoo

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