China's EV Market Tightens as Tesla Sales Drop 7.4% Amidst Fierce Competition
- Intensifying Market Competition: In 2025, Tesla's sales fell by 7.4% and BYD's by 5.1%, indicating a brutal competitive landscape in China's EV market where traditional automakers face survival challenges.
- Emerging Brands Surge: New entrants like Huawei and Xiaomi saw sales growth exceeding 90%, threatening the market positions of established players as the top ten manufacturers now control 95% of the market.
- Ongoing Price War: With significant discounts, the Mercedes-Benz EQS EV is down by 432,000 yuan and the Volvo XC70 by 147,000 yuan, and UBS predicts that the price war could last for years, impacting industry profitability.
- Accelerated Overseas Expansion: Geely exported 184,000 electric vehicles in the first half of the year, entering six new countries, demonstrating that Chinese EV manufacturers are actively seeking growth opportunities in international markets as domestic demand cools.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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