Tesla has a new competitor. Yes, that’s right, it’s called Xpeng Motors, it’s Chinese and it promises a more sustainable future. Until now, Tesla had been the unbeatable king, right? Well, it seems that’s over because Xpeng has launched 100,000 electric vehicles (EVs) to surpass Tesla’s sales and position itself, finally, as the leader in the global market. Ahead of BYD and anyone else. How has Xpeng achieved this success? What will happen with Tesla? We’ll tell you!
Tesla, from pioneer to…
Tesla, as you well know, has been the pioneer of electric mobility, ever since it presented the Roadster in 2008, it has gained popularity positioning itself as the luxury and future option. The Model 3 and the Model Y turned autonomous driving into a global phenomenon that is gaining more and more followers.
But… not everything that glitters is gold and Musk’s company has had many problems with its famous Cybertruck. Many recalls and an increasingly decadent image of the CEO (now that he is part of the Government) have made Tesla no longer the first choice for consumers… Why?
Xpeng, a Chinese giant
Founded in 2014, not even 10 years old but Xpeng Motors is one of the most promising emerging companies in the Chinese industry. The MONA MO3, its flagship model, achieved 30,000 orders in just 48 hours, and during September, the company was selling 20,000 units every day…
How has Xpeng done it?!!
Very easy, Xpeng not only competes with Tesla in technology, but they offer much more affordable prices that already include all that technology and autonomous driving systems.
He Xiaopeng, its CEO, stated that it’s a new generation of technological advances, and that his main goal is to make autonomous driving accessible to the whole society… Musk might want to learn a bit from this…
China, leader of the green revolution
The world is trying to leave combustion engines behind, but China has become the vanguard of electric mobility. It has support policies, local demand does not stop growing… And if we take it to other markets, cheaper prices with the same innovative and sustainable technology! Which is what most buyers are looking for.
What is the immediate future for these two giants?
Tesla, for now, still maintains the lead but… it’s losing ground in Asia and Europe because there are names like Xpeng and BYD that are stealing the whole show.
Although Musk hasn’t paid much attention to these brands, it’s because he’s focused on his new robotaxi technology… but at some point he will feel the pressure whispering in his ear…
More options, more sustainability
If you’re wondering why this “race” to see who leads the green revolution is important, think that, as the market regulates itself, whoever manages to dominate will set the rules. That is, if Xpeng finally manages to lead the fight, it will force its competitors to offer more for the same price, do you understand?
So, for consumers, it’s huge news, maybe we’ll see Tesla at cheaper prices soon to capture the attention of more customers. Won’t we?
Is Tesla in danger?
Tesla dominates the premium sector in the United States, but yes, its global leadership now hangs by a thread. There have been many stumbles and Musk’s image has not recovered. According to projections, the EV market will grow by 20% annually until 2030, and with the arrival of these Chinese brands, they will have to step up if they want to continue their reign.
So yes, a new player has entered the game, Xpeng and its 100,000 EVs that have arrived to lead the ecological transition. The future is electric, increasingly competitive, and now also Asian. Tesla, watch out because you’re no longer playing this game alone!
