Jiyue's New Model Aims to Compete with Tesla's Model 3 in China's EV Market
Jiyue's Competitive Entry into the EV Market
Jiyue, a premium electric vehicle maker backed by Baidu, is doubling down on autonomous-driving technology with the launch of its second model, the Jiyue 07. This fully electric sedan is expected to take on Tesla’s Shanghai-made Model 3, which is a significant player in the market for battery-powered cars.
Key Features of the Jiyue 07
- The Jiyue 07 has a driving range of 660 km.
- It is equipped with Apollo 2.0, Baidu's advanced autonomous driving software, available for an additional cost.
- Presales commenced recently with promotional pricing for the software.
Market Dynamics
Jiyue is attempting to reshape its sales trajectory with its new model, as noted by industry analysts. The vehicle’s autonomy potential aligns with China's burgeoning EV sector, which is seeing increased competition.
Conclusion on Jiyue's Potential
In a landscape dominated by Tesla and other competitive brands like Li Auto, Xpeng, and Nio, Jiyue’s focus on pure electric vehicles could be its key differentiator. As China continues to lead in the global EV market, Jiyue's trajectory will be vital to watch.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.