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Tesla Is Stalling in China Just as Its Rivals Pick up Speed

Summary by Business Insider
Tesla launched a new six-seat version of the Model Y in China last month.VCG/VCG via Getty ImagesTesla's sales have flatlined in China as it faces a new wave of local competition.EV startups Xpeng, Nio, and Xiaomi have all launched new affordable EVs aimed at taking down Tesla's Model Y.It's a move that has paid off, with Xpeng and Nio reporting record monthly sales in August.China's EV startups are piling the pressure on Tesla.The US automaker'…

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CnEVPost broke the news in on Tuesday, September 2, 2025.
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