Tesla Model Y is already putting pressure on NIO and Xpeng with rapid ramp-up in China
March 10, 2021
Tesla Model Y is already seen as putting pressure on NIO and Xpeng, which mainly sell competing electric SUVs, as Tesla’s latest entry in the Chinese EV market is rapidly ramping up.
Chinese EV buyers had to wait a while for the Model Y as Tesla decided to only launch the vehicle in the market once it was produced locally at its Shanghai Gigafactory.
The wait was worth it since it enabled…