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It sounds like you're saying that Tesla has no competition if you ignore their competition. You can't be dismissive of Chinese EV makers, who are rapidly encroa
by altacc 4y ago
It sounds like you're saying that Tesla has no competition if you ignore their competition. You can't be dismissive of Chinese EV makers, who are rapidly encroaching on western markets and are reshaping the motor industry. Here in Norway I'm noticing more and more Chinese EVs on the road and they are competing at all levels of the market, from "affordable" to high end. To add to those numbers, many originally Western marquees now have full or partial Chinese ownership.
Many Chinese companies are multifaceted or have co-ownership with suppliers. For example, look at a company like BYD, which appears to be out producing Tesla and has yet to fully enter many markets. They also build their own batteries. The Chinese motor industry is a formidable competitor.
- mavhc 4y agoIndeed, that's Tesla's only competition, BYD's numbers include hybrids though, and ASP is much lower.