• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 19, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Future Tech Electric Vehicles

Tesla faces tough competition in China from local EV makers

by Reshab Agarwal
January 5, 2021
in Electric Vehicles, News
Reading Time: 2 mins read
0
Tesla Model 3 accounted for almost 1/3rd of UK’s EV sales
TwitterWhatsappLinkedin

Tesla faces tough competition in China even after pricing their Model Y aggressively. EV startups like Xpeng and Li Auto have increased their vehicle deliveries in the last year. While on the other hand, Nio has doubled the no of deliveries in 2020 while competing with Tesla. Yes, they are not close to the no of deliveries Tesla is making, but slowly, these companies are catching up. And the thing is one more EVs of these local companies sold means one less Tesla sold.

You might also like

Inside SpaceX Starbase’s Worker Injury Surge

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

Tesla’s competition

We have seen that after Tesla reduced the price of Model Y in China, the sale was huge. The company saw crowds like black Friday in their stores, and the response from the customers was also impeccable. But still, Tesla faces tough competition from local manufacturers as these companies report to have made record deliveries in the last quarter of 2020. The competition is also fueled by the fact that Tesla is still supplying constrained, and if their EVs are out of stock, people will flock to other alternatives.

Tesla faces tough competition in China
Image Source: Forbes

Yes, Nio, X-peng, and other companies have performed fabulously in the past few months. At the same time, their stock prices have also increased a lot recently. But we have to note that their share prices, as well as the no of deliveries, are much lower than the global leader of EVs. Tesla has even joined the S&P 500 Index boosting its stock prices even higher.

Deliveries and growth of local EV companies in China

I do say that Tesla is losing some market share to local companies in China, but it is still much ahead. The total deliveries made by the three main local companies Nio, Li Auto, and Xpeng, in 2020 were 43,728, 32,624, and 27,041, respectively. All of these companies have seen a huge boost in the no of deliveries made in December. With Nio leading with total deliveries of 7000 units, followed by Li-Auto at 6,126 vehicles and X-peng at 5,700 deliveries.

Li Auto has now also been approved to start delivers of their EVs in Europe and Norway too. This is also supposed to increase their sales. And as more EV companies become available worldwide, it will surely take a bite from Tesla’s market share.


Do you think that Tesla should be cautious about the competition it faces from local EV companies? Let us know in the comments below. Also, if you found our content informative, do like it and share it with your friends.

Also Read: Elon Musk says Tesla has been the most difficult part of his professional life

Tweet54SendShare15
Previous Post

Solomon Islands plans to ban Facebook after government criticism on the platform

Next Post

What do you need to know more about Kibo code quantum?

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Inside SpaceX Starbase’s Worker Injury Surge

by Anochie Esther
July 19, 2025
0
Starbase

SpaceX’s Starbase facility in Texas is the nerve center of one of the most ambitious aerospace projects in history the development of the Starship rocket, a fully reusable...

Read more

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

by Anochie Esther
July 19, 2025
0
Microsoft

In a move that has caught many users off guard, Microsoft has officially shut down its Movies & TV store on Xbox consoles and Windows PCs. As of...

Read more

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

by Anochie Esther
July 19, 2025
0
iOS 26

Apple has launched a federal lawsuit against well-known tech YouTuber Jon Prosser, accusing him of participating in a scheme to illegally access confidential features of iOS 26, months...

Read more
Next Post
What do you need to know more about Kibo code quantum?

What do you need to know more about Kibo code quantum?

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?