Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push
Publishing timestamp: 2023-02-03 02:02:21
Summary
Xpeng, a Chinese electric vehicle startup, launched its P7 sedan and G9 SUV in Denmark, Norway, Netherlands and Sweden. The prices of the vehicles are lower than Tesla's, even though Tesla has been cutting prices globally. Xpeng will face competition from Tesla, other Chinese carmakers, and European auto giants like Volkswagen. Nio, a Chinese rival to Xpeng, has also begun delivering cars to Norway.
Sentiment: POSITIVE
Tickers: TSLA, XPEV, 9868-HK, VOW-FF, 9866-HK, VOW3-DE, NIO,
Keywords: sweden, volkswagen ag, xpeng inc, alternative and sustainable energy, tesla inc, nio inc, electric vehicles, guangzhou, china, norway, business news, autos, transportation,