Tesla faces fresh threats as Chinese automakers double down on domestic market in the face of hefty export tariffs in the U.S. and European Union.

China EV sales: Tesla rivals BYD, Nio Li Auto, XPeng and Zeekr all reported record December sales. But a price war is intensifying.

Tesla rivals BYD, Nio Li Auto, XPeng and Zeekr all reported record December China EV sales as the price war intensified.

China “will add nearly twice as many EV sales next year as the rest of the world combined," predicts Rho Motion's Will Roberts.

SHANGHAI, Dec 24 (Reuters) - China's CATL (300750.SZ), opens new tab, the world's largest electric vehicle battery maker, on Tuesday launched a new EV chassis that it says can withstand a 120-kph (75-mph) frontal impact without catching fire or exploding ...

The EV giant sold 1.76 million electric cars in 2024, per figures released on Wednesday, putting it within touching distance of beating Tesla.

China’s luxury EVs are usually priced over 300,000 yuan (about $41,000), with several different car manufacturers competing in this segment. These include Xpeng, Nio, Li Auto, Z

U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.

A similar phenomenon has occurred in China, where local municipalities have implemented their own incentives for EVs. For example, the city of Nanjing in Kiangsu will give a 4,000 yuan (around $550) incentive for new cars. This pales in comparison to one deal in Colorado, for example, where residents can lease a new Fiat 500e for $0 per month.

Rewind a couple of years and any EV manufactured in the US was eligible for a federal tax credit of up to $7,500, but the goalposts have since been shifted as the Biden administration introduced rules that clamped down on any electric vehicle with battery components hailing from any “foreign entity of concern” (FEOC) - which includes China.