Chinese EV Competition

China Now Claims World’s Fastest EV Title: A New Era Begins

The BYD Yangwang U9 Track Edition, boasting a staggering 2,960 hp, has claimed the title of the world’s fastest EV by achieving a top speed of 293.5 mph, surpassing the Rimac Nevera’s previous record of 268.2 mph. This track-focused iteration of the U9 features a quad-motor powertrain, significantly outperforming the standard U9’s 1,287 hp and the Nevera’s 1,989 hp. While pricing details remain undisclosed, the Track Edition is expected to be more expensive than the $230,000 standard U9, but still potentially more affordable than the limited-production Nevera R.

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Tesla’s European Sales Plummet Amidst Musk Backlash

Tesla’s European sales plummeted 49% in April, reaching only 7,261 units compared to the previous year’s 14,228, despite a 28% rise in overall electric vehicle sales. This significant drop follows earlier reports from individual countries and coincides with negative publicity surrounding Elon Musk and increased competition, particularly from Chinese brands like SAIC whose sales rose 54%. Contributing factors include factory shutdowns for Model Y upgrades and a generally negative sentiment toward American brands. Overall, Tesla’s European sales for the first four months of the year fell 39%.

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