China's Jaecoo J5 EV enters global market with 450-mile range and affordable pricing, challenging established EV brands.

The Jaecoo J5 EV, a new electric SUV from China's Jaecoo, has entered the global market with a focus on affordability, a 450-mile range, and advanced tech features. Its competitive pricing and strong performance may challenge established brands in the midsize EV segment, raising concerns among rivals about increased competition in the growing electric vehicle market.