this post was submitted on 08 May 2024
140 points (91.7% liked)
Technology
59169 readers
2808 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
Chinese companies such as BYD, the biggest global rival to America’s Tesla, are forcing Western automakers to change their approach to electric vehicles if they want to remain competitive in a growing industry.
The company, whose name stands for Build Your Dreams, controls most of its own low-cost EV supply chain, from basic components to the ships that transport its vehicles overseas.
Even Tesla CEO Elon Musk, who made a surprise visit to Beijing last week, has said that without trade barriers Chinese EV makers would “demolish” their competitors.
China, in turn, has filed a case with the World Trade Organization accusing the U.S. of discriminating against Chinese products in its own electric vehicle subsidies.
In addition to tariffs and trade restrictions, Chinese EV makers would face a number of regulatory and compliance hurdles to selling cars in the U.S.
The move could clear the way for approval in China of Tesla’s highest level of self-driving software, whose safety and performance was criticized by U.S. regulators in a recent report.
The original article contains 1,249 words, the summary contains 170 words. Saved 86%. I'm a bot and I'm open source!