China's Huawei Says Its New Model Is Superior to Tesla's Model Y
The EV industry is getting more competitive.
Huawei has released further details on a new vehicle it claims not only rivals, but even surpasses Tesla's Model Y, according to an initial report from CNBC.
In other words, China's Huawei is openly competing with Elon Musk's Tesla.
Huawei's Aito M5 comes with sound-proof glass
The post-subsidy cost for the Aito M5 will be $39,063 (250,000 yan), which is surprisingly cheaper than Tesla's Model Y, at $44,072 (280,752 yuan). Impressive. And this comes less than one week after a China-based startup called Nio announced its own Tesla competitor, the ET5 electric sedan. Coming in September, Nio's new vehicle will cost $51,250 (328,000 yuan), before subsidies. The firm's ET7 sedan, which will be delivered in March, starts at a price of $70,326 (448,000 yuan). But Huawei's forthcoming vehicle will feature double-layered and sound-proof glass. "You will know whether it is premium or not by the sound," said Yu, according to a translation reported by CNBC.
Automakers in China want cars to feel like smartphones to consumers
"We are able to offer the 'library grade' quality experience," added Yu. Huawei's Aito M5 is the brand's first model, and it stands for "adding intelligence to auto." As part of the car manufacturer Seres, which has included Huawei components in the past, this is the first entirely Huawei-designed project. Seres is also called SF Motors, and is (predictably) based in Silicon Valley. But, surprisingly, it's a subsidiary of a car developer in Chonqing, called Sokon, according to the report. The firm's website says it's "positioned to independently build and sell in two of the world's largest markets, the U.S. and China."
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