Hyperdrive
Tesla’s $25,000 Car Doesn’t Worry Biggest Rivals in China
- WM Motor CEO says like Apple, Tesla is educating the market
- Xpeng’s Gu says the key is growing EVs’ overall market share
This article is for subscribers only.
Tesla Inc.’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle startups, with executives at the Beijing Auto Show saying Elon Musk can bring it on.
“It’s a good thing for us,” WM Motor Co. founder and Chief Executive Officer Freeman Shen said. “We are very happy Tesla came to China because Tesla is just like Apple in the early days, they educate the whole market.”