US EditionTesla Status Dropping in China as BYD Rises & Xiaomi Soars - CleanTechnica
10 Articles
10 Articles
Tesla Status Dropping in China as BYD Rises & Xiaomi Soars - CleanTechnica
One of the prime ways Tesla has been able to grow its sales so much over the last decade is through it’s extreme popularity in China. Knowing some Chinese people and a little bit about the culture, my understanding is that Chinese consumers are very brand oriented — even more ... [continued] The post Tesla Status Dropping in China as BYD Rises & Xiaomi Soars appeared first on CleanTechnica.
According to sales statistics, there were 151 active brands in China last year. But many of them have gone bankrupt recently, and BYD has a share in this, thanks to its strong position, which can attack with significant discounts on its models. Another such brand was launched recently and has already provoked strong reactions.
Tesla is losing appeal to Chinese customers due to the launch of increasingly advanced and competitive models by domestic groups such as BYD and Xiaomi.
The US car manufacturer Tesla writes bad numbers. Great competition exists for the company from China. And VW also increases.
Less impacted by the boss's frascs, the Tesla brand's image degrades despite everything in China. This could have a lasting impact on the level of sales. The article Tesla's image degrades in China, to the benefit of BYD and Xiaomi appeared first on Automobile Clean.
ByD sold last April more electric cars in Europe than Tesla. And if it was already Tesla’s main enemy that certainly turned the Chinese manufacturer into a nightmare for Elon Musk. Now, a study reveals that the Chinese manufacturer has already replaced Tesla as the favorite brand of electric cars even in China. It is certainly a turning point that turns Tesla’s future – and also damages Elon Musk’s as CEO – into a nightmare.
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