EV Wars: Chinese EVs Take on Tesla
The EV frenzy revolves around Tesla, which sells more EVs every hour than any other electric car company on the planet, including BMW, Volkswagen, and Renault combined. Being number one is a “x” on the back of the American manufacturer, but it also serves to nurture a robust pool of Tesla competitors, particularly in China. Elon Musk, Tesla’s CEO, praised China’s local electric vehicle producers, calling the country’s automakers “the most competitive in the world.” In taped remarks at the World New Energy Vehicle Congress in Haina, the high profile CEO complimented the Chinese market’s development potential and highlighted advancements among Tesla’s competitors, at a time when Tesla has been under fire in China. In this rivalry, we will see several big names make significant advances in the Asian car industry. These businesses are currently competing with Tesla in China, and some may bring the fight to the United States next. We can say that Chinese EVs are going to Take on Tesla. So, let the EV wars begin!
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