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Tesla Competes with Chinese Brands in the Electric Car Market as Volkswagen Buys Stake in Xpeng

door Jennifer Mertens
published on Sunday, July 30, 2023 at 2:38 PM •
2 min read

Competition in the electric car market is fierce, especially in China. Tesla has been active in that country for a while, but the Chinese still prefer national brands. That forces foreign players to approach their Chinese rivals to gain a foothold in China.

In the news: German automaker Volkswagen buys a stake in its Chinese counterpart Xpeng and announces the joint development of two new electric vehicle

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2023-07-30 12:39:04
#Volkswagen #teams #Xpeng #compete #Tesla #China

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