Analysts say Tesla has lagged competitors in China in introducing new models
Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the US electric vehicle maker in Beijing, China. File photo: FLORENCE LO/REUTERSSlashed prices have given Tesla’s China sales a pop, but analysts, and even fans, warn the US automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world’s biggest electric vehicle market.
Even Tesla CEO Elon Musk himself has conceded that China is where his firm could face its toughest competition. Tesla offers two models in China, the Model 3 sedan and the Model Y crossover. That keep-it-simple approach has driven scale and driven down costs. Chang Yan, a 34-year-old Chinese auto blogger, who was among Model 3 buyers in China in 2018, said his car still asks him to make U-turns on strictly guarded Chang’an Avenue near Tiananmen Square, where such moves are banned.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Listed property poised for growth despite uncertain outlookSector faces economic headwinds while load-shedding dampens demand, analysts say
Read more »
ANN CROTTY: Your iPhone was probably made in hellA large slice of Apple’s gadgets are made in appalling conditions in China.
Read more »
ANN CROTTY: Your iPhone was probably made in hellA large slice of Apple’s gadgets are made in appalling conditions in China.
Read more »
ANALYSIS | After spy balloon incident, can China and the US talk again?The two countries have strong reasons to manage their disagreements. The question now is when, not whether, they find their way back to the negotiating table, analysts say.
Read more »
Business Maverick: Singapore eyes chips investments amid US-China tensionSingapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing geopolitical divide between the US and China over trade and technology.
Read more »
Behind the collapse of the JSE’s aristocratsExecutive pay schemes and missing institutional investors are two of the major causes of the disintegration of companies like Nampak and Tongaat, say analysts.
Read more »