World Surprise: Chinese Electric Car Surge Fueled by Tesla “Inspiration”
BEIJING – A surprising trend is driving the rapid ascent of chinese electric vehicle manufacturers: a deliberate strategy of analyzing-and learning from-Tesla’s technology and market approach, spearheaded by Elon Musk. Companies like Xiaomi are openly acknowledging Tesla as a benchmark, contributing to a competitive landscape where Chinese evs are rapidly gaining market share.
xiaomi’s SU7 Berlina, launched in late June with a range of up to 835 km (according to Chinese homologation cycles) and a price around €30,420, has already surpassed the Tesla Model 3 in monthly sales in china as December, delivering over 258,000 units in May. The launch of the YU7 generated 289,000 orders within an hour.
“I’m not criticizing Model and. He Model and It is a very, very exceptional car,” Xiaomi’s CEO stated, referring to the Tesla Model and acknowledging its quality. The SU7 and YU7 are positioned to compete directly with Tesla’s offerings.
This success has spurred a notable rise in Xiaomi’s stock in Hong Kong. The practice of disassembling competitor vehicles to understand their strengths and weaknesses is common in the industry, but Xiaomi’s open acknowledgement of Tesla’s influence is noteworthy.
“Elon Musk has served as inspiration, but he is not the only one,” the report states.While Tesla remains a dominant force-recently addressing safety concerns in china-its innovations are demonstrably fueling the progress of its rivals in the burgeoning electric vehicle market.
