14 October 2021 Thursday
Competition Rises in the Electric Car Trade
Competition is heating up in the production of electric vehicles, which are expected to reach very widespread usage areas around the world in the near future. Chinese firm Xpeng has set out to become a strong competitor to electric vehicle giant Tesla.
Xpeng, a Chinese electric car manufacturer founded in 2014, launched the P7 model in May 2020, reached an important point in production as of October. According to the statement made by the company, the 100,000 XPeng vehicle came out of the production line. Tesla, founded by Elon Musk and released to market with the launch in 2003 Tesla produced 100,000 vehicles in a 12-year period. The company, which exceeded the 10,000 threshold for the first time in monthly sales last month, is preparing to export to Europe. There is an intense demand for the sales of the company's P5 Model. The sales price of the vehicle, which has a range of 460 km, is approximately 158 thousand Yuan.
China's strong entry into the Tesla-dominated market could completely change the presumed future scenarios for the electric vehicle trade.
