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There is no doubt that, following the rise of electric cars in China, Tesla has a problem, and it’s not a small problem. As far as we learned
There is no doubt that, following the rise of electric cars in China, Tesla has a problem, and it’s not a small problem. As far as we learned recently, thanks to Wired, Elon Musk visited the Asian continent in order to alleviate the 4% decline in the American company’s sales in this market in the first quarter of 2024.
Although these figures seem very alarming, the truth is that we are talking about a subsequent decline. More than 15% increase in sales of Chinese cars in the national market. Tesla’s dwarfs never stop growing, and one of their worst nightmares is Xiaomi with its impressive Xiaomi SU7.
The Xiaomi earthquake has entered like an elephant in a china shop, and its impressive sales figures are quite impressive for a giant like Tesla. Actually an American company It has lost almost a third of its value since the start of 2024So Elon Musk’s visit to China was a statement of intent.
During his visit, Elon met with Li Qiang, the current premier of the People’s Republic of China, who granted Tesla access to a mapping license for data collection by the company Weibo on the country’s public roads. access to your navigation systemAn important element for Tesla to market its autonomous driving system.
This technology is exactly what is giving Tesla a huge headache when it comes to marketing its cars in China, and this The vast majority of Chinese cars comply with absolute solvency. Xiaomi is actually one of the great standard bearers in this sense with its recently updated high-end autonomous driving system.
In short, the struggle in the electric car market continues worldwide and, as in almost every product category, China takes the lead wherever it goes. All this happens except that Xiaomi does not market its car outside the borders of the Asian country; so we may see an even greater burden on Tesla itself in the next few years.
via | wired
In Xiaomi World | Xiaomi is a car vending machine and no one can stop them, after closing a record month the beast can’t get enough and wants more
Source: Mundo Xiaomi
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
