#ev-competition

#ev-competition

The Model Y L, which adds new features including a rear row of foldable seats and powered armrests, went on sale for $47,200 in China on Tuesday. Its launch comes as Tesla battles fierce competition from local EV players like BYD, Xiaomi, and Xpeng. Electric vehicle adoption in China is far higher than in the US, and Chinese companies have rapidly taken market share with a wave of affordable electric models packed with high-tech features, including autonomous driving and voice controls.