"NIO, XPEV, LI, BYD.. China's Quads Message Board

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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.06

-0.1%

3:39 PM EST

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To: roto who wrote (2313)	1/25/2024 12:08:23 PM
From: roto	Read Replies (1) of 2786

Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers FILE PHOTO: Visitors inspect China's BYD electric vehicles during its launch ceremony in Jakarta, Indonesia, January 18, 2024. REUTERS/Willy Kurniawan/File Photo FILE PHOTO: Tesla Chief Executive Officer Elon Musk leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang/File Photo SAN FRANCISCO :Tesla CEO Elon Musk said on Wednesday that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide. Musk's comments come after Warren Buffett-backed BYD - with its cheaper models and a more varied lineup -overtook Tesla as the world's top-selling EV company last quarter, despite the U.S. automaker's deep price cuts through 2023. channelnewsasia.com

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