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Tesla: Tesla’s Chinese EV Rivals Set New Records

Tesla: Tesla’s Chinese EV rivals are putting pressure on the market leader with monthly records. Tesla’s dominance in the vehicle market has been heating up over the past couple of years as more EV manufacturers accelerate the pace of electric and product delivery as well as markets.

Elan of Texas As Musk’s Austin rival manufacturers ramp up their vehicles, EV market share is expected to drop 65% from 79% in 2020 to 75.8% in June 2022. The Li L9 SUV scored the highest safety rating for driver and passenger side tests in November from the China Insurance Automotive Safety Index.

Shen said it got the rating. On November 28, NIO and Tencent Holdings entered into a strategic cooperation agreement to deepen partnership in the areas of autonomous driving-related cloud services, intelligent driving maps, and digital ecosystem, it said in a statement.

Tesla's Chinese EV Rivals Set New Records
Tesla’s Chinese EV Rivals Set New Records

We set another record month with 15,034 deliveries in November. Yanan Shen, co-founder, and president of Lee Auto said in a statement. It has been the top choice among six-seat full-size family SUVs in China since it began deliveries.

On Dec. 1, Li Auto said it delivered a record 15,034 EVs in November, up 11.5% year-on-year. Cumulative deliveries till November stood at 236,101. Neo said it plans to ramp up production and delivery in December. Ford reported a 103% year-over-year increase in EV sales in November.

Kia reported a 133% year-over-year increase in its sales in the same month. Volkswagen reported in November that it had reached the 500,000 unit delivery benchmark a year earlier than expected after registering a 25% year-on-year increase in deliveries in October.

It was on track to deliver 1 million EVs with 908,000 delivered in the year to September 30. In the third trimester. The company launched its newest EV on Dec. 1 with the delivery of its semi-trucks.- Ford ( F ) – Get Free Report, 7%; Kia, 5%; Chevrolet, 4%, Hyundai, 4% — These companies and smaller companies are setting records for delivering EVs as they ramp up production.

Volkswagen reported in November that it hit the 500,000-unit delivery benchmark a year earlier, a 133% increase. October saw a 25% year-on-year increase in deliveries.


I am Naveen. I am a content creator. I have been writing content for different bloggers past 3 years. I am interested in Technology related news.

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