Back to today’s briefing

Story perspectives

Tesla's Absence Paves Way for Rivals at Shanghai Auto Show

4/23/2025

40 5

Summary

Story summary

Tesla's absence from the Shanghai Auto Show opened the door for domestic rivals, with over 70 carmakers unveiling 100 innovative models. Meanwhile, Toyota made waves by committing 14.6 billion yuan to establish a Lexus EV factory in Shanghai, as Japanese giants like Toyota and Honda showcased their latest electric vehicles in a rapidly evolving market.

1 of 1

Story summary

Tesla's absence from the Shanghai Auto Show opened the door for domestic rivals, with over 70 carmakers unveiling 100 innovative models. Meanwhile, Toyota made waves by committing 14.6 billion yuan to establish a Lexus EV factory in Shanghai, as Japanese giants like Toyota and Honda showcased their latest electric vehicles in a rapidly evolving market.