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Regions China

Chinese Tesla rival launches $22,000 EV with self-driving features. Here's why that's a big problem for Tesla.

Tesla rival Xpeng unveiled its M03 EV on Tuesday. The model with advanced autonomous driving features costs from 155,800 yuan ($21,900).

By: Business Insider
  • Aug 30 2024
  • 2
  • 251 Views
Chinese Tesla rival launches $22,000 EV with self-driving features. Here's why that's a big problem for Tesla.
Chinese Tesla rival launches $22,000 EV with self-driving features. Here's why that's a big problem for Tesla.
Xpeng CEO He Xiaopeng unveils the M03, the Tesla rival's latest EV, at an event in Beijing.PEDRO PARDO/Getty Images
  • Chinese EV maker Xpeng just launched a new low-priced EV.
  • The chea… [+2592 chars]

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Exclusive-US government funding yielded hundreds of patents for China-based researchers