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Chinese EV Market: Meet Tesla's Competitors

Chinese EV Market: Meet Tesla s Competitors
02/15/21 AT 12:00 PM
As Tesla makes inroads into the Chinese EV market, its list of rivals is growing. Several players started competing against what is known as the largest electric car maker in the world, giving Tesla a run for its money, despite increasing its revenue from $3 billion in 2019 to $6.6 billion in 2020 in the country, according to a Securities and Exchange Commission filing from the carmaker.
Here’s a look at the competitors Tesla will have to contend with as it competes for drivers in China.
NIO
With a global headquarters in Shanghai, NIO is well-positioned to take on Tesla. The electric carmaker announced that it delivered 7,225 cars in January - an increase of 352.1% year-over-year. ....

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Hong Kong offers fertile ground for robo-advisory firms to grow and tap wealth management market in mainland China, Aqumon says

Hong Kong offers fertile ground for robo-advisory firms to grow and tap wealth management market in mainland China, Aqumon says
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Chinese EV Startup Xpeng Secures $2 Billion Credit Line to Expand its Operations as it Takes on Tesla

【Summary】Chinese electric vehicles startup Xpeng Inc. announced on Tuesday that it secured a $2 billion (12.8 billion yuan) line of credit from five state-owned Chinese banks. The startup electric automaker will use the funds to expand its operations as it looks to take on Tesla in its home country.
FutureCar Staff
Jan 12, 2021 10:50 AM PT
author: FutureCar Staff
The Xpeng P7 sedan, which launched in 2020, is a more affordable alternative to the more expensive Tesla Model S in China.
Electric automaker Tesla receives most of the attention in the U.S. and around the world as a leading electric vehicle maker. But in China, which is the world s biggest auto market, new electric vehicle startups are emerging as strong competitors to Tesla, including Xpeng Inc. (Xpeng) and NIO Inc. ....

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(XPEV), NIO Inc. (NYSE:NIO) - Xpeng Secures $2B Credit Line To Fuel Expansion Plans

(XPEV), NIO Inc. (NYSE:NIO) - Xpeng Secures $2B Credit Line To Fuel Expansion Plans
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Chinese electric vehicle maker Xpeng secures US$2bil credit line to expand manufacturing

BEIJING (Reuters): Chinese electric vehicle maker Xpeng Inc said on Tuesday (Jan 12) it has secured a credit line of 12.8 billion yuan (US$2 billion) from five Chinese banks to expand manufacturing and sales. ....

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