Sunday, August 3, 2025

Latest

Chinese EV Giants Advance as Tesla Struggles in Key Asian Market

China’s electric vehicle industry saw two major technological developments this week that could further challenge Tesla’s position, as the American EV maker’s stock tumbled amid growing concerns about its sales performance and competitive standing in the crucial Chinese market.

Contemporary Amperex Technology Co. Ltd. agreed to invest up to 2.5 billion yuan ($346 million) to expand NIO‘s battery-swapping network across China, the companies announced on Tuesday. Meanwhile, BYD unveiled a breakthrough fast-charging system that promises to outpace Tesla’s Superchargers.

The CATL-NIO partnership, signed in CATL’s headquarters city of Ningde, will consolidate technical standards between the companies and enhance their business cooperation. NIO said its future mass-market Firefly brand models will adopt CATL’s technical standards and network.

“This cooperation is beyond capital investment — it facilitates mutual empowerment in technological standards and service systems,” NIO Chief Executive William Li said in a statement.

BYD’s new charging technology claims to provide 470 kilometers (292 miles) of range in just 5 minutes, significantly faster than Tesla’s Superchargers, which add up to 275 kilometers of range in 15 minutes.

BYD Chairman Wang Chuanfu announced the technology will debut in the Han L sedan and Tang L SUV models starting next month. The company plans to build more than 4,000 specialized charging stations to support the new system.

These announcements come as Tesla shares dropped more than 6% on Tuesday, extending losses in what appears to be a ninth consecutive weekly decline. RBC Capital Markets analyst Tom Narayan cut his price target from $320 to $220, citing “intensifying” competition in China.

Narayan predicted that Chinese car companies will dominate the market in the country for driverless vehicles. Noting that China accounted for 21% of Tesla’s 2024 sales. RBC expects Tesla’s market share in China to halve to 10%.

Mizuho analysts reported that Tesla’s China sales plummeted 49% even as the country’s overall EV sales grew by 85%. They lowered their price target for Tesla and slashed their 2025 vehicle delivery forecast from 2.3 million to 1.8 million vehicles, 20% below consensus estimates.

BYD, which only manufactures hybrid and fully electric vehicles, sold more than 318,000 passenger vehicles last month, a 161% increase year-over-year. The company now holds nearly 15% market share in China.


Information for this story was found via Bloomberg, Fortune, Forbes and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Tesla: China Market Share Up 8% in January, MoM Deliveries Fall 36%

Tesla (Nasdaq: TSLA) sold a total of 66,051 vehicles made in its China plant in...

Thursday, February 9, 2023, 03:01:00 PM

Tesla Fails To Meet 2020 Delivery Guidance, Delivers 499,550 Vehicles

Tesla Inc (NASDAQ: TSLA) this morning released its fourth quarter 2020 vehicle production and delivery...

Saturday, January 2, 2021, 10:26:25 AM

Steve Wozniak Speaks Out Against Elon Musk and Tesla, Calls Marketing “Dishonest”

Apple (Nasdaq: AAPL) co-founder Steve Wozniak wasn’t so happy comparing Steve Jobs with Tesla (Nasdaq:...

Friday, February 10, 2023, 03:11:00 PM

Elon Musk Urges Judge To Move Tesla Trial To Texas Over Negative Publicity In San Francisco

Tesla, Inc (Nasdaq: TSLA) CEO Elon Musk has requested to move the upcoming trial for...

Tuesday, January 10, 2023, 03:53:00 PM

Consumer Reports Removes Tesla S ‘Recommend’ Rating Over Growing Reliability Concerns

It appears that Tesla is beginning to lose its lustre among an increasing number of...

Saturday, November 21, 2020, 11:42:00 AM