In September, Li Auto Inc. achieved record deliveries of 53,709 vehicles, showcasing the strength of China's local EV companies in the competitive marketplace.
Zeekr's impressive figure of 21,333 monthly deliveries underscores the rising demand for fully electric cars and highlights the shift towards electric mobility in China.
Tesla faces mounting challenges in China as local EV manufacturers offer competitive pricing, with some models starting as low as $15,000, putting pressure on Tesla's market position.
To maintain its market share in China’s rapidly evolving EV landscape, Tesla must lower its retail prices to compete effectively against a growing number of lower-priced alternatives.
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