Browsing: automotive trends

Tesla is reportedly planning a more cost-effective version of the Model Y, aiming to reduce production costs by at least 20%. This strategic move seeks to strengthen its market share in China amid increasing competition.

BYD’s sales surged by an impressive 164%, showcasing its rapid growth in the electric vehicle market, while XPeng reported even stronger performance. This surge underscores the intensifying competition among EV manufacturers as consumer demand escalates.