China’s electric vehicle industry is currently facing intense price competition, with major manufacturers slashing prices in an aggressive bid to capture market share. This move has raised concerns among investors about the long-term impact on the sector.
Giles Parkinson, founder and editor of The Driven, explains how these developments could eventually affect the Australian EV market, while noting that local conditions—such as demand and competition—are quite different. In this ABC News interview, he also discusses BYD’s recent rise in Australia and the challenges Tesla is facing as the global EV landscape shifts.