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Tesla is on track to topple BYD as the world's largest NEV manufacturer. To make things worse, now that Tesla has a factory in China, its low-end products are priced almost at the same level as BYD's high-end products.
On August 17th, it was reported that the production of the new model of Tesla's Model 3 has started at Gigafactory Shanghai.
Alpine, a sub-brand of Chinese electric vehicle maker NIO aimed at consumers with a budget between 200,000 yuan ($29,019) and 300,000 yuan ($43,528), will be rolled out through new sales channels.
He Xiaopeng, Chairman of Xpeng, posted on social media on April 29th a warm welcome to the potential entry of Tesla's FSD into China.
Concerning Elon Musk’s comment, Xpeng’s CEO Xiaopeng He fired back on social media.
Tesla said it is creating a permanent magnet electric vehicle motor with zero rare earth elements. Although the stock shares of many listed companies in China in the rare earth industry dropped heavily on the news, they remain optimistic about the future development of the industry.
Tesla's sales department in China mainly laid off new employees within six months, providing compensation of 0.5N+3.
Tesla filed a lawsuit against former Chinese employee Guangzhi Cao on Mar 21, claiming the engineer copied the source code for its autopilot technology before taking a job with Chinese self-driving car startup XPeng in January.
On September 1st, the new Tesla Model 3 was officially released. The price of the rear-wheel drive Model 3 Refresh Version is 259,900 yuan ($35,775).
American automaker Tesla on February 10 released a charging report on Chinese EV owners during the country's recent seven-day Spring Festival holiday.
On May 31st, it was reported that Tesla China reopened the reservation page for the new Roadster electric sports car on the evening of May 30th. The deposit remains at RMB 332,000 (about $46,700 USD) and can be refunded at any time before delivery.
As Chinese NEV companies grow muscle, their output also becomes more capable of rivaling Tesla, perhaps not comprehensively, but definitely on certain fronts.