Tesla's bid to regain China market share, BYD outsells BMW in Hong Kong: 7 EV reads
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Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world's largest electric vehicle (EV) market amid increasing competition from domestic rivals.
Global sales of electric and plug-in hybrid vehicles surged 24 per cent in June from a year earlier, driven by strong demand in China and Europe, while the US fell behind, according to the market research firm Rho Motion.
A worker cleans a robotaxi in Shanghai. Photo: AP
Driverless cabs in China could account for 6 per cent of the country's total taxi market, aided by advanced digital infrastructure and consumer willingness to embrace new technologies, according to HSBC.
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