Part 10/13:
Tesla’s competitors are actively responding to the EV revolution. Chinese automaker BYD announced plans to invest $1 billion in India, aiming to develop a comprehensive EV lineup that spans from hatchbacks to luxury models. Meanwhile, Hyundai is reportedly considering adopting Tesla’s charging standards, reflecting the impact Tesla’s charging infrastructure has globally—highlighting its influence on the broader automotive industry.
However, not all legacy automakers are equally optimistic. Hyundai has expressed caution about adopting Tesla’s charging technology, concerned about ensuring safety and efficiency. Some analysts question whether Hyundai can fully survive the EV transition, given their slower adaptation relative to Tesla’s aggressive expansion.