China's electric car startups risk same pitfalls as Tesla

Discussion in 'General' started by Nikki, Aug 19, 2018.

  1. Nikki

    Nikki New Member

    https://asia.nikkei.com/Spotlight/E...tric-car-startups-risk-same-pitfalls-as-Tesla

    GUANGZHOU -- Chinese electric vehicle startups NIO and Xpeng are setting themselves up to mass-produce next-generation "smart vehicles," having recently announced ambitious fundraising targets.

    Both companies hope that going beyond clean power can give their brands an edge over global rivals, but doubts have been cast over their ability to deliver such vehicles on a big enough scale.

    Xpeng Motors will launch its much-anticipated first model by the end of this year, after raising more than $1.5 billion from investors including Lei Jun, founder of smartphone maker Xiaomi, and Terry Guo's Hon Hai Precision Industry, also known as Foxconn.....
     

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