2023-01-26 02:40:34

Musk says China rivals 'work hardest, smartest'

Channel NewsAsia

By Cna

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Detroit? Nope. Germany? Nein. Elon Musk sees the toughest competition for Tesla in China, home of the company he expects "most likely to be second" in electric vehicles.

China is Tesla Inc's second-largest market - accounted for about two-thirds of all electric vehicles sales globally in 2022 - and the home of Tesla's biggest plant.

It's also a market that has embraced EVs and is replete with rivals competing on style and price, including Xpeng, Nio and BYD Co Ltd.

#reuters #software #oil #covid #lockdown

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