this post was submitted on 19 Mar 2025
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208
How Tesla blew its lead. (restofworld.org)
submitted 5 days ago* (last edited 5 days ago) by Tea@programming.dev to c/technology@lemmy.world
62 comments fedilink hide all child comments
 

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.
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[–] Patch@feddit.uk 2 points 3 days ago (1 children)

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.ee 2 points 3 days ago (1 children)

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.uk 1 points 3 days ago

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