Chinese automakers challenge Tesla with new models
Chinese automakers are intensifying their challenge to Tesla's dominance in the electric vehicle market in China. They are using this week's Shanghai Auto Show to showcase a range of new car models and technologies aimed at attracting young buyers.
Several automotive groups unveiled more than a dozen models at the auto show, aiming to surpass Tesla's Model 3 sedan and become the best-selling electric car in China. They are also seeking to capture market share in the highly coveted luxury vehicle segment.
The competition among Chinese automakers to take on Tesla is driven by the growing demand for electric vehicles in China, which is the world's largest automotive market. The Chinese government has been promoting the adoption of electric vehicles as part of its efforts to reduce pollu...