In China, car companies are pumping out EVs at an astonishing rate. Companies like BYD, Zhidou, Byton or kandi are stiff competition for Tesla and, for many industry watchers, they’re likely BYD, in particular, is one to watch, and it’s already selling more cars than Tesla
China’s EV companies have an edge on Tesla for four key reasons:
– Several of the top EV car makers in China are state-owned with government backing;
– They have access to the largest domestic market in the world
– The Chinese government’s strategic policies are very pro all-electric vehicles, and
-They have better battery capability.