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Why China's auto, tech giants threaten Tesla’s self-driving future

Why China’s auto, tech giants threaten Tesla’s self-driving future

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AUSTIN, Texas (Reuters) -Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. BYD shook up China’s smart-EV industry earlier this year by offering its “God’s Eye” driver-assistance package for free, undercutting the technology Tesla sells for nearly $9,000 in China. “With God’s Eye, Tesla's strategy starts to fall apart,” said Shenzhen-based BYD investor Taylor Ogan, an American who has owned several Teslas and driven BYD cars with God’s Eye, which he called more capable than Tesla’s “Full Self-Driving” (FSD).
China’s 1,000-mile EVs make range anxiety a thing of the past

China’s 1,000-mile EVs make range anxiety a thing of the past

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China's 1,000-mile EVs, such as those from BYD, are set to eliminate range anxiety, with more range than many of their Western rivals and at lower price points
BYD: Will it become the next Evergrande?

BYD: Will it become the next Evergrande?

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Recently, the automotive industry has been in an uproar: Great Wall Motors' Chairman Wei Jianjun's statement "the Evergrande of the automotive industry already exists, it just hasn't exploded yet" instantly ignited public opinion. Although no names were mentioned, all eyes are on BYD, which has liabilities of 594.3 billion yuan. At the same time, BYD launched the largest price cut in history during the "618" shopping festival, with 22 models seeing discounts of up to 53,000 yuan, directly causing a major dip in the new energy vehicle sector. This move has made investors restless: on one hand, there's the overwhelming "Evergrande theory," and on the other, a fierce price war...
BYD faces EV challenge from Geely and Changan in May amid possible regulatory scrutiny · TechNode

BYD faces EV challenge from Geely and Changan in May amid...

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The figures come on the heels of China’s top industry regulator promising to strengthen efforts to rein in “involution-style” competition in the country’s auto industry.
Mazda EZ-60 electric SUV arrives in chinese showrooms

Mazda EZ-60 electric SUV arrives in chinese showrooms

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EZ-60 targets Tesla Model Y with 50:50 weight distribution, and rear-wheel drive

The post Mazda EZ-60 electric SUV arrives in chinese showrooms appeared first on CarNewsChina.com.

Mazda EZ-6 Sports Edition to launch at Chongqing Auto Show on June 7

Mazda EZ-6 Sports Edition to launch at Chongqing Auto Show on...

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Mazda will launch sportier EZ-6 variant featuring black wheels, red calipers and upgraded interior on June 7

The post Mazda EZ-6 Sports Edition to launch at Chongqing Auto Show on June 7 appeared first on CarNewsChina.com.

China's BYD and Great Wall Motor clash over China's auto price war

China’s BYD and Great Wall Motor clash over China’s auto price...

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BEIJING (Reuters) - Tensions between two of China's largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry "unhealthy". Shares in Chinese automakers such as BYD, Nio and XPeng tumbled this week after the chairman of Great Wall Motor, Wei Jianjun, worried openly about China's deepening price war
BYD’s Aggressive EV Price Cuts Spark Market Shake-Up and Stock Declines

BYD’s Aggressive EV Price Cuts Spark Market Shake-Up and Stock Declines

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China’s electric vehicle (EV) giant BYD Co. has ignited a fresh wave of competition in the world’s largest auto market by slashing prices by up to 34% on 22 electric and plug-in hybrid models.
BYD Just Broke the EV Market -- $7,700 Cars Set Off a Price War Frenzy in China

BYD Just Broke the EV Market — $7,700 Cars Set Off...

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A ruthless discount blitz from BYD is shaking the foundations of China's auto industry and threatening mass consolidation
FirstFT: Chinese EV shares tumble as BYD sparks new price war fears

FirstFT: Chinese EV shares tumble as BYD sparks new price war...

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Also in today’s newsletter, Singapore’s ‘scamdemic’, and Trump media group plans to raise $3bn to spend on crypto