Tech

Electric car startup XPeng bets on technology Tesla rejects

Guangzhou — Chinese electric car startup XPeng Inc, a fan of Tesla, which once owned four cars. Co-founder He Xiaopeng now wants to overtake the car company that inspired him.

Recognizing Tesla as an inspiration, he wins XPeng, one of the three US-listed Chinese EV companies, taking advantage of innovation, which is becoming an increasingly formidable field for Chinese tech companies. Said that it can be done.

“We have a saying in China,” he said in an interview Wednesday at XPeng’s headquarters in a city in the south of Guangzhou. “To beat someone, you have to do something different.”

XPeng is Li Auto Inc, a competitor listed in the United States. And Nio Inc. Along with, it has been a big hit for investors over the last eight months.

Listed on the company in August We valued it at $ 8 billion on the New York Stock Exchange. By November, its value had jumped to nearly $ 58 billion. It is now back at about $ 27 billion. In March, Shanghai-based research firm Hurun Report said he was worth $ 11 billion.

Electric car startup XPeng bets on technology Tesla rejects

Source link Electric car startup XPeng bets on technology Tesla rejects

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