Tesla loses ground as Chinese EVs dominate global markets
restofworld.org
Tesla was once an EV leader, but now struggles to keep up as Chinese automakers outpace it in sales, pricing, and innovation, especially in emerging markets

BYD took the global EV crown. Now Chinese rivals and local startups are taking over emerging markets.

  • Tesla’s sales are dropping globally, with political headwinds and fierce EV rivals throwing up challenges.
  • New frontiers beckon, but Tesla faces a showdown with savvy local and Chinese competitors vying for dominance.
  • Pricing battles and rapid innovation are putting Tesla to the test, demanding a strategic jolt to regain its edge.
  • Patch@feddit.ukEnglish
    2·
    18 hours ago

    BYD is eating everyone’s lunch at the bottom not just Tesla.

    It’s not just BYD. SAIC (whose main international brand is MG) isn’t far behind, Chery (whose main brands are Omoda and Jaecoo) are starting to get about too, and there are myriad smaller Chinese marques.

    Chinese cars in general are really hitting the market hard.

    • futatorius@lemm.eeEnglish
      2·
      7 hours ago

      What I’ve been seeing around here (England) is a major proliferation of Kias and Hyundais. Occasionally I’ll see an electric Mustang or Jaguar.

      • Patch@feddit.ukEnglish
        1·
        4 hours ago

        Yep. Feel like I see more Ioniqs than anything else, although things are gradually diversifying.