this post was submitted on 14 Mar 2025
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Economics

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China cools on Musk: ‘Two cars for the price of one Tesla’ (www.nytimes.com)
submitted 2 days ago* (last edited 2 days ago) by MicroWave@lemmy.world to c/economics@lemmy.world
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Summary

Tesla is rapidly losing market share in China as local brands like BYD and Xiaomi offer cheaper, more advanced electric vehicles.

BYD sold 481,318 cars in the first two months of 2025, far outpacing Tesla’s 60,480, a 14% decline from last year. Chinese consumers now see Tesla as overpriced and lagging in self-driving technology.

Economic slowdowns and government incentives have further reshaped the market.

Tesla recently introduced a limited version of Autopilot in China, but rivals remain more competitive, with some models costing half as much as a Tesla.

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[–] UraniumForBreakfast@lemm.ee 1 points 1 day ago

Anybody who shits on China and Chinese products really needs to do some introspective research.

Chinese products “suck” because U.S. manufacturers don’t want things to last.

Regarding China, the Chinese government and policymakers are the problem, not the people.