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

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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