UBS named electric vehicle stocks it likes in China and described one car as a "Chinese answer to Tesla Model 3." In a research note on "The rise of China EV giants," UBS said BYD 's Seal car has comparable specifications to Tesla's Model 3, a restyled version of which was launched in China and Europe last week. "We conclude it's cost competitive, thanks to its vertical integration, suitable specs, and volume scale.
We believe BYD's large engineer team has achieved continuous technology improvement over its frequent new model launches — a key competitive strength hard to be surpassed," the analysts wrote. UBS described the Seal model as having a large interior space, with 5G connectivity and a rotating cockpit screen. "The result is a decent alternative to Tesla Model 3 at 10-20% lower selling price," the analysts wrote.