<ul data-eligibleForWebStory="true"><li>Tesla is facing increased competition in China as local rivals gain market share and momentum.</li><li>Xiaomi's YU7 SUV received nearly 300,000 orders in an hour, posing a significant threat to Tesla's Model Y with its competitive pricing and appealing features.</li><li>Tesla's China sales fell by 18% and its top manufacturing executive reportedly left the company, indicating internal turmoil amidst growing challenges.</li><li>Xiaomi's successful entry into the EV market with an integrated digital ecosystem is seen as a major threat to Tesla's dominance in China and globally, despite Tesla's reputation for excellent EVs.</li></ul>

Things just keep getting more difficult in China for Elon Musk's Tesla

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