The article discusses Xpeng, a Chinese electric vehicle (EV) startup that is seen as a potential rival to Tesla in China. Xpeng’s president, Brian Gu, welcomes the competition from Tesla and its CEO, Elon Musk, who plans to launch a new, more affordable EV model in 2024. Gu believes that competition will drive innovation and benefit consumers. He also highlights Xpeng’s focus on developing advanced driver-assistance systems and autonomous driving technologies, which he sees as a key differentiator from Tesla. The article provides an overview of Xpeng’s growth and expansion plans, including its recent entry into several European markets. It also mentions the challenges faced by EV startups in China, such as supply chain issues and competition from established automakers.
Chinese Tesla Rival Xpeng Welcomes Competition from Elon Musk in 2024
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