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BEIJING - A price war among Chinese electric vehicle (EV) assemblers is spreading to overseas markets as more than a dozen players look abroad to bolster sales and chase higher profits to offset losses at home.

Tesla has been slashing prices for its vehicles in the Chinese, US and European markets amid declining sales.

A world-class saloon for the people, from China’s biggest name in EVs. It’s here to best Elon’s offering, and it may well be the car to do it.

Wang Chuanfu and a cousin

Tesla and other Western electric car manufacturers are facing stiff competition from China.

Chinese automaker BYD briefly eclipsed Tesla as the world's top seller of electric vehicles earlier this year.

Chinese automaker BYD briefly eclipsed Tesla as the world's top seller of electric vehicles earlier this year.

Hong Kong (CNN) — In 1995, metallurgy graduate Wang Chuanfu founded BYD, a small Chinese company focused on producing rechargeable nickel-cadmium batteries more cheaply than Japanese<a class="excerpt-read-more" href="https://whdh.com/news/tesla-has-a-big-competitor-and-it-is-chinese/">Read More</a>

By Rosa de Acosta, CNN

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