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Tesla powers on as rival electric-vehicle makers scramble to compete in China

People check out a Tesla Model X at the third China International Import Expo (CIIE) in Shanghai, China.

Synopsis

While some experts have sought to portray Tesla’s position in the China market as a powerful incentive for domestic firms, others are less upbeat, pointing out that the domestic players, despite their impressive valuations, lack the competitive technology and smarts of the US company. Besides, it has had a disruptive impact on the whole supply chain and raw materials.

Flynn Murphy On New Year’s Day, Tesla Inc. lobbed a bomb into China’s electric vehicle (EV) market with the sudden announcement that it was dropping the price of its new Shanghai-made Model Y cars by 30%. The new starting price of 339,900 yuan ($52,550) was around 100,000 yuan less than the presale price announced in August.Showrooms were swamped, and local competitors were unnerved. News two weeks later that the firm was seeking a design

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