Tesla’s Chinese Rival Zeekr Begins Production of First Electric SUV
Zeekr is a new brand from Geely, which is also the parent company of Volvo and Lotus. The company plans to launch several more electric vehicles in the coming years
Chinese Electric Vehicle (EV) manufacturers are posing a significant challenge to Tesla’s dominance in the global EV market. With an estimated 200 to 300 EV companies in China, Tesla’s primary competitor is BYD, which produces the highest number of clean vehicles worldwide. BYD recently unveiled its Seagull EV, set to be the world’s least expensive EV at a little over $11,000, to be initially marketed in China. Other established Chinese EV manufacturers, such as Li Auto, XPeng, and Nio, are also gaining traction.