Three Chinese rivals Tesla reduced the supply of electric vehicles by 22% in July

Three Chinese rivals Tesla reduced the supply of electric vehicles by 22% in July

The names of the most ambitious Chinese competitors of Tesla are well known: XPeng, Li Auto and NIO. They not only improve power plants and traction batteries, but also try to keep pace with world leaders in autopilot development. Some elements of a business model such as the rental of traction batteries and their rapid replacement are also innovative. Three Chinese manufacturers shipped 3198 electric vehicles in July, 22% less than the June results.

According to analysts, there was a decline in demand in the Chinese automobile market in July: 2.2 million passenger cars of all types were sold on the local market in June. Statistics from the first weeks of July indicate that only 1.6 million passenger vehicles could be sold in China for a month. Under this overall trend, the electric vehicle segment could not avoid a seasonal downturn, as experts believe.

In June, a total of 34422 electric vehicles, 28687 electric vehicles and 25059 electric vehicles were supplied by the XPeng in the second quarter.