Overview

• Tesla's absence for the third consecutive Shanghai Auto Show shifts the spotlight to Chinese EV makers, including BYD, Nio, and Geely, who unveiled new models and innovations.
• Over 70 automakers from 26 countries are participating in the show, presenting more than 100 new vehicle models designed to compete in the world's largest EV market.
• BYD debuted two concept supercars under its luxury brands Denza and Yangwang, while Nio announced plans for right-hand-drive vehicles targeting the UK and Southeast Asia.
• China's EV market, bolstered by decades of government support, saw a 40% sales increase last year, but faces challenges from US and EU tariffs that raise export costs by 24%.
• Industry experts view the event as a turning point, marking Chinese automakers' transition from domestic players to global leaders in the electric vehicle sector.