Tesla Maintains Lead but Chinese Automakers Are Closing the Gap in New Wards Intelligence's SDV Ranking
1. NIO and Xiaomi surpass Tesla in technological innovation rankings. 2. 67% of automakers are commercializing Software-Defined Vehicles (SDVs). 3. China dominates the SDV market with 62% of leaders being Chinese-owned. 4. Western automakers face ongoing challenges due to rapid SDV advancements. 5. Wards Intelligence uses five metrics to evaluate SDV progress.