Heard on the Street: The success of China's Li Auto underlines the risks of an all-or-nothing approach to electric vehicles
Tesla is facing pressure in China from the country’s top electric-vehicle company BYD. WSJ unpacks the business and manufacturing strategy of BYD and Tesla to uncover what the competition in China reveals about the race to own the global EV space.
Photo Illustration: Mike CheslikAfter Tesla , the most highly valued U.S.-listed EV company isn’t homegrown Rivian or Lucid but Li Auto, a Chinese manufacturer that went public in 2020 by listing American depositary receipts. It has a market value of roughly $26 billion, compared with $20 billion for NIO , which
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