Tesla faces new rivals as the electric SUV market heats up

Model Y electric vehicles are parked in front of the Tesla Gigafactory Berlin-Brandenburg plant.Patrick Pleul/picture alliance via Getty ImagesTesla just refreshed the Model Y, almost 6 years after it was first introduced.The electric SUV market is now much more crowded, with a parade of new competitors coming.Here are seven new models that are coming for the Model Y's crown.Tesla just did the first major refresh of its best-selling Model Y more than five years after the SUV-ish EV was announced in 2019.Since then, the Model Y has fended off challenges from major automakers like Ford, Chevrolet, Hyundai, and Kia to become one of the top-selling vehicles in the world.Tesla sold nearly 1.8 million vehicles last year, and the automaker has an ambitious target of 20-30% sales growth this year. A refreshed $45,000 Model Y could help it hit that lofty target as its remaining lineup begins to show its age.The electric SUV market is now getting much more crowded, with a parade of new competitors every few months.Here are seven new models — from China and Europe, mostly — that are coming for the Model Y's crown.Mercedes electric GLCSven Hoppe/picture alliance via Getty ImagesPrice: Not yet listed, but expected around $50,000. (A current hybrid model starts at $60,300.)Availability: GLC400 in late 2026, and GLC300+ early 2027Range: 350+ miles, depending on trimShow-stopping feature: An optional panoramic "Hyperscreen" powered by the MB.OS supercomputer.BMW iX3MICHAELA STACHE/AFP via Getty ImagesPrice: Less than $60,000Availability: Summer 2026Range: Up to 400 milesShow-stopping feature: The iX3 is the first SUV to be built on BMW's Neue Klasse platform, which was designed specifically for EVs.Xiaomi YU7GREG BAKER/AFP via Getty ImagesPrice: RMB 253,500 (~$35,500)Availability: Launched in July and currently only available in mainland China.Range: 475 milesShow-stopping feature: Xiaomi makes a lot of other consumer products in China, creating a robust tech ecosystem for users.Xpeng G7Fang Zhe/Xinhua via Getty ImagesPrice: RMB 195,800 (~$27,500)Availability: Third quarter of 2025 in China and Australia.Range: 375 milesShow-stopping feature: Situated between the G6 and G9 variants, the G7 is billed as the first "AI car" and includes L3-level computing power.Nio Onvo L90CFOTO/Future Publishing via Getty ImagesPrice: RMB 265,800 (~$37,000), or RMB 179,800 ($25,000) with battery subscription option.Availability: Launched in July, available in China, Europe, and the Middle East.Range: 375 miles.Show-stopping feature: Beyond the dazzling tech (which can recognize more than 1,630 voice commands), the L90 uses Nio's proprietary ultra-comfortable seat platform.BYD Sealion 7John Keeble/Getty ImagesPrice: ~$36,300Availability: Introduced last year in China and Europe, with India and other additional markets arriving throughout 2025.Range: 336 miles.Show-stopping feature: The cabin is spacious, and the center screen rotates, which is pretty cool.BYD Tang LZhang Hengwei/China News Service/VCG via Getty ImagesPrice: RMB 239,800 (~$33,500)Availability: Launched in April in China.Range: 375 miles.Show-stopping feature: All the perks of the Sealion, plus a third row. 'Nuff said.Read the original article on Business Insider

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