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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Chinese EV manufacturers are introducing new models that pose competition to Tesla, with Xiaomi launching a vehicle resembling a Porsche Taycan priced lower than the Model 3. This influx of competitors is expected to challenge Tesla's market share and profitability. The transition to electric cars is attracting consumer electronics companies into the automotive industry, signaling a shift towards commoditization and a focus on autonomy to maintain Tesla's valuation and growth amidst increasing competition.
EVs, big and small, are entering the phase of the tech cycle that mobile apps entered 10 years ago, where invention shifts from the infrastructure layer to the “application” layer. https://t.co/IAijGjgHIi
Chinese EVs man…. https://t.co/V6juErlUde
It may look like Chinese Auto brands could decimate Tesla with lower cost cars, but I think that advantage will be overshadowed by the disadvantage that the Chinese companies can't buy GPUs. The value of smarter cars will outweigh the price difference. This is true for all car…
