Xiaomi entered the EV market in March last year with the launch of the SU7. The electric sedan was made available in three variants — Standard, Pro, and Max — with starting pr

A huge Chinese car manufacturer has vowed to launch in the UK, selling a model that will compete directly with the Tesla Model Y at a lower price.

It’s a case of "Whatever you can do, I can do better," as Honda comes for the Tesla Model Y with its own electric SUV, the S7. Honda claims that the S7, its first-ever premium electric SUV, will break new ground thanks to exceptional comfort,

The stripped-down SUV is aimed at recovering market share from Chinese makers offering less-expensive models.

Elon Musk's company intends to unveil a more economical version of the Model Y SUV in order to recover its market share in China's highly competitive electric vehicle market. The company has also planned to set up mass production by 2026.

Tesla sales have been in a massive worldwide slump, including in China, where local EV companies have gained significant ground on the American automaker. Tesla releases refreshed Model Y in China, preps cheaper version for future: 'You will know after trying it' first appeared on The Cool Down.

Telsa plans to make a slightly smaller Model Y that costs at least 20 percent less to build than the recently refreshed Model Y.