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Chinese EV Market: Meet Tesla s Competitors
02/15/21 AT 12:00 PM
As Tesla makes inroads into the Chinese EV market, its list of rivals is growing. Several players started competing against what is known as the largest electric car maker in the world, giving Tesla a run for its money, despite increasing its revenue from $3 billion in 2019 to $6.6 billion in 2020 in the country, according to a Securities and Exchange Commission filing from the carmaker.
Here’s a look at the competitors Tesla will have to contend with as it competes for drivers in China.
NIO
With a global headquarters in Shanghai, NIO is well-positioned to take on Tesla. The electric carmaker announced that it delivered 7,225 cars in January - an increase of 352.1% year-over-year. ....

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