Etiqueta: Rising

The Chinese electric vehicle giant is bringing affordable prices, cutting-edge technology and an aggressive strategy to the region’s markets.

Brazilians are rushing to buy Chinese EVs before a 35% import tax comes into effect.

In China’s overheated EV market, a flood of new entrants and deep price cuts—many led by BYD—have eroded margins and triggered government intervention.

EU tariffs may limit discounting but Chinese carmakers will appeal to consumers with advanced technology

The Chinese electric vehicle giant is bringing affordable prices, cutting-edge technology and an aggressive strategy to the region’s markets

Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.

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 car sales rose for a fourth consecutive month in May, but slower increases across major automakers highlighted concerns over aggressive price competition in the world’s largest auto market.

Tesla's superiority in the electric vehicle world is being increasingly threatened by ambitious competitors, particularly those who hail from China.