<ul data-eligibleForWebStory="false"><li>Tesla faces stiff competition from local rivals in China, with new 'Model Y killers.'</li><li>Xiaomi's YU7 amassed 240,000 pre-orders in 24 hours, proving a formidable challenger.</li><li>Tesla's market share in China declines as rivals like Xiaomi, Xpeng, and Nio gain traction.</li><li>Local electric SUVs like YU7 present strong tech features, posing a significant threat.</li></ul>

Tesla's rivals in China are launching a wave of new Model Y killers to take on the best-selling SUV

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