Tesla and BYD target Southeast Asia for EV growth amid slowing Chinese market and US demand.

Tesla and BYD, two EV giants, have set their sights on Southeast Asia for growth opportunities as the pace of Chinese growth slows. With Southeast Asia emerging as a hot EV market, Tesla views the region as a significant area of growth for battery storage and electric vehicle adoption over the coming years. This move comes as the company faces competition from China's BYD and as demand for EVs slows in the United States.