China’s EV players ramp up competition with Tesla using new tech
Publishing timestamp: 2024-01-23 23:12:46
Summary
The article discusses the competition in China's electric car market and how local automakers are focusing on adding fancy tech features to their vehicles to attract consumers. These features include in-car projectors, refrigerators, and driver-assist technology. Chinese electric car companies are competing with Tesla by offering these features at lower prices. The article also mentions the dominance of Chinese companies in the supply chain for electric car batteries and the struggle of traditional foreign auto giants to adjust to the surge of electric cars in China. Driver-assist technology has emerged as a competitive feature, and Chinese regulators are gradually allowing more driver-assist features in cities. However, it remains unclear how much consumers are willing to pay for these features.
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Keywords: stock markets, breaking news: technology, volkswagen ag, xpeng inc, business news, li auto inc, byd co ltd, market insider, technology, tesla inc, markets, autos,