Tesla, BYD, Li Auto to lead in China’s EV race as country becomes carmakers’ battleground

CHINA overtook Japan in the pole position for global vehicle exports in the first quarter of this year, driven by rising demand for electric vehicles (EVs). Investors wanting to ride this uptrend might consider the shares of Tesla, BYD and Li Auto, analysts said.

Competition in China – also the world’s largest auto market – has kicked into high gear since American EV maker Tesla cut its prices last October.

Other foreign brands are also sharpening their strategies for a bigger slice of the Chinese market. The battle for China may determine who wins in the global arena.