Rise of China’s EV Makers Threatens Western Firms, UBS Says

[hooty]

• Legacy carmakers likely to lose a fifth of global market share
• Chinese giant BYD has cost advantage over Tesla and Volkswagen

Western automakers are set to lose a fifth of their global market share due to the unstoppable rise of more-affordable, cheaper-to-produce Chinese electric vehicles, according to UBS Group AGanalysts.
Led by BYD Co., Chinese carmakers will almost double their share of the auto market to 33% by the end of the decade, UBS analysts including Patrick Hummel and Paul Gong wrote in an Aug. 31 report.
https://www.bloomberg.com/news/articles/2023-09-05/rise-of-china-s-ev-makers-threatens-western-firms-ubs-says?in_source=embedded-checkout-banner

 

[voyager]

A new Chinese brand, with Huawei and CATL as principal backers, is about to Juggernaut the market: Avatr. Here are some pictures.

Avatr 12 Debuts As Gran Coupe EV With Up To 578 HP, 434 Miles Of Range

The rear-wheel drive variant is set in motion by a 313 hp electric motor, while the all-wheel drive version comes with a dual-motor setup that puts out 578 hp.

insideevs.com

 

[voyager]

https://twitter.com/x/status/1701958360348729389

 

[Asheville Guy]

it is hard to keep up with the current situation! Attached is an article from yesterday’s Times. Does anyone know anything about Niko’s self drive system compared to Teslas? Thanks.