William Li, founder and CEO of Chinese EV maker NIO, unveils the ET7 sedan in this file photo from January 9 this year. The car, which sells for 448,000 yuan, underlines the fact that Tesla’s Chinese competitors are not competing for the same customers. Photo: Reuters
William Li, founder and CEO of Chinese EV maker NIO, unveils the ET7 sedan in this file photo from January 9 this year. The car, which sells for 448,000 yuan, underlines the fact that Tesla’s Chinese competitors are not competing for the same customers. Photo: Reuters
NIO

NIO, Xpeng and Li Auto need not fear euphoric demand for Tesla’s cheaper Model Y, analysts say

  • Concerns might have been overblown, as China’s EV market is no longer a zero-sum game, analyst says
  • Xpeng also announced a new car aimed at budget-conscious EV enthusiasts over the weekend

Topic |   NIO
William Li, founder and CEO of Chinese EV maker NIO, unveils the ET7 sedan in this file photo from January 9 this year. The car, which sells for 448,000 yuan, underlines the fact that Tesla’s Chinese competitors are not competing for the same customers. Photo: Reuters
William Li, founder and CEO of Chinese EV maker NIO, unveils the ET7 sedan in this file photo from January 9 this year. The car, which sells for 448,000 yuan, underlines the fact that Tesla’s Chinese competitors are not competing for the same customers. Photo: Reuters
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