Tesla’s Gigafactory in Shanghai, China. Photo: Bloomberg
Electric-car maker Xpeng shrugs off concerns Tesla’s steeply discounted Model Y will win over mainland Chinese drivers
- CEO says he is confident the smart features of Xpeng’s cars will keep it competitive, particularly after strong fourth-quarter sales
- Several market watchers and analysts have warned that a more than 30 per cent cut in the price of the Model Y could eat into the market share of mainland rivals
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Tesla’s Gigafactory in Shanghai, China. Photo: Bloomberg