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Take a look at Tesla's 4 biggest rivals in China's booming, $124 billion electric-vehicle market
Take a look at Tesla's 4 biggest rivals in China's booming, $124 billion electric-vehicle market
Marielle DescalsotaJul 6, 2022, 13:01 IST
Tesla Model 3 and BYD Song Plus EV.Xing Yun /Costfoto/Future Publishing/Wang Qiming/VCG/Getty Images
China's electric vehicle (EV) market was worth $124.2 billion in 2021.
Four of the five biggest players in its EV market are homegrown; Tesla is the only exception.
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Tesla is one of the biggest electric-vehicle manufacturers in China, but the company accounts for only a small fraction of the country's massive EV industry.
Tesla Model 3.Tesla
4. GAC
A store of GAC AION, a high-end new energy smart EV brand, in Shanghai.Xing Yun / Costfoto/Future Publishing/Getty Images
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3. Chery
A Chery QQ Ice Cream on display during the 2021 Guangzhou international automobile exhibition at China Import and Export Fair Complex in Guangzhou.Stringer/Anadolu Agency/Getty Images
2. SGMW
New energy vehicles are seen in a parking lot at the Qingdao branch of SAIC-GM-Wuling Automobile Co., LTD in The West Coast New Area of Qingdao, East China's Shandong Province.Contributor/Costfoto/Future Publishing/Getty Images
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1. BYD
A "BYD Song PLUS EV" electric vehicle is displayed at a store of the listed company BYD on December 25, 2021 in Changzhou, Jiangsu Province of China.Wang Qiming/VCG/Getty Images