This website collects cookies to deliver better user experience, you agree to the Privacy Policy.
Accept
Sign In
The Texas Reporter
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: ‘China’s Elon Musk’ makes use of simply two numbers to show why his nation’s auto trade is now outcompeting the U.S. and Europe
Share
The Texas ReporterThe Texas Reporter
Font ResizerAa
Search
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© The Texas Reporter. All Rights Reserved.
Business

‘China’s Elon Musk’ makes use of simply two numbers to show why his nation’s auto trade is now outcompeting the U.S. and Europe

Editorial Board
Editorial Board Published April 16, 2025
Share
‘China’s Elon Musk’ makes use of simply two numbers to show why his nation’s auto trade is now outcompeting the U.S. and Europe
SHARE
‘China’s Elon Musk’ makes use of simply two numbers to show why his nation’s auto trade is now outcompeting the U.S. and Europe
  • Xpeng co-founder Xiaopeng He says the variety of new electrical automobiles outfitted with extremely automated “hands-off” driver help options bought in China has soared in only a decade and is now outpacing its friends within the West.

If you wish to know why probably the most technologically superior vehicles are presently inbuilt China fairly than the USA or Europe, two numbers describe the breakneck tempo of innovation there.

50 represents the general penetration fee of so-called New Power Automobiles as a share of the general Chinese language market. In different phrases, an EV or plug-in hybrid constitutes each different new automotive bought final yr.

The second quantity, 55.7, represents the share of NEVs bought final yr that got here outfitted with “hands-off” automated driving help programs, just like options like Tesla’s Full Self-Driving or Ford’s BlueCruise.

To place that in perspective, when Xiaopeng He helped discovered New York-listed Chinese language EV maker Xpeng again in 2014, these figures had been each under 1%. 

“One can tell that great improvements in development have been witnessed in China for the past decade,” stated He, talking on Tuesday at his world model night time held this yr in Hong Kong, the place his premium X9 household van was the star of the present.

Ten years could look like fairly some time within the client electronics trade, however within the safety-obsessed auto enterprise, it’s roughly the span of time of 1 full product lifecycle, beginning with the design of a brand new mannequin and ending with its ultimate yr of manufacturing.

By comparability, total U.S. gross sales of EVs and plug-in hybrids are solely roughly 11% of its gentle automobile market, with Europe greater at 23%.

In the case of driver help options, it’s tough to search out instantly comparable stats.

However utilizing Tesla as a proxy, probably the most technologically superior hands-off function is just outfitted in maybe 1 / 4 of its vehicles, and CEO Elon Musk lower the value twice to spur demand. 

U.S. and European policymakers are actually pressured to slap on steep tariffs to stop their dwelling markets from being inundated with inexpensive Chinese language EVs.

However He’s optimistic about Xpeng making an affect overseas too: “Over the next decade we aim for over half of our sales to come from overseas, striving to really dominate as China’s leading mid to high-end export brand.”  

Just lately, Volkswagen—for many years the undisputed market chief in China because of its first-mover benefit—has entered right into a direct partnership with He’s Xpeng. 

Who’s Xiaopeng He?

With the cash he made out of promoting standard cellular browser supplier UCWeb to Alibaba, He launched EV maker Xpeng.

That is just like Musk, who took his PayPal earnings from the eBay sale to put money into an obscure younger EV startup Tesla again in 2004.

To Tesla loyalists, He’s usually seen as a Musk imitator, following a well-known playbook—virtually to the letter. Like Musk, He has developed customized silicon chips for autonomous driving, constructed a humanoid robotic (dubbed “Iron”), and expanded into aerospace. The distinction: as a substitute of rockets, He’s betting on flying vehicles.

Nonetheless, Xpeng operates in a vastly completely different league from Tesla in the case of scale and market worth.

Tesla loved a near-monopoly within the West for years, because of its technological edge, vertically built-in software program, and dominant Supercharger community. In distinction, Xpeng has needed to battle a crowded Chinese language market led by BYD and crammed with formidable rivals.

Because of this, Xpeng stays a fraction of Tesla’s dimension, jockeying for place round seventh or eighth place amongst China’s new vitality automobile manufacturers.

Whether or not He’s firm can survive China’s ongoing EV value battle is a query nonetheless very a lot in play.

This story was initially featured on Fortune.com

TAGGED:AutoChinascountrysdemonstrateElonEuropeIndustryMuskNumbersoutcompetingU.S
Share This Article
Twitter Email Copy Link Print
Previous Article Amanda Bynes: I am Becoming a member of OnlyFans! Amanda Bynes: I am Becoming a member of OnlyFans!
Next Article The Aura Aspen Digital Picture Body Is Made for Vertical Pics The Aura Aspen Digital Picture Body Is Made for Vertical Pics

Editor's Pick

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

We might obtain a portion of gross sales if you buy a product by a hyperlink on this article. Most…

By Editorial Board 8 Min Read
Alpine’s Sizzling Hatch EV Has a Constructed-In, ‘Gran Turismo’ Model Driving Teacher

One other win over its Renault 5 sibling is a multi-link rear…

3 Min Read
Louis Vuitton Is Dropping a New Perfume As a result of It’s Sizzling | FashionBeans

We independently consider all beneficial services and products. Any services or products…

2 Min Read

Latest

“A Family’s Fight to Reclaim Their Legacy”

“A Family’s Fight to Reclaim Their Legacy”

Introduction: For generations, the Wright family has worked and lived…

July 9, 2025

AR Global Inc CEO Kason Roberts Donates to Support Kerrville Storm Victims, Mobilizes Team for Restoration Efforts

Kerrville, Texas — In the aftermath…

July 9, 2025

Bitcoin Tops $109,000 After Senate Passes Trump’s ‘Big Beautiful Bill’ – “The Defiant”

The crypto market posted modest good…

July 9, 2025

Two vital hazard alerts within the June employment report – Indignant Bear

Two vital hazard alerts within the…

July 9, 2025

Simone Biles Thirst Traps in Bikini Amidst Boob Job Hypothesis

Studying Time: 3 minutes Simone Biles…

July 9, 2025

You Might Also Like

Chime’s sticky person base makes it a winner for traders, analyst says
Business

Chime’s sticky person base makes it a winner for traders, analyst says

It’s been lower than a month since Chime Monetary went public, however the neobank is successful over analysts who're already…

6 Min Read
This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI
Business

This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI

For those who look again 10 years to the primary and authentic Amazon Prime Day gross sales occasion, you may…

5 Min Read
Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU
Business

Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU

French President Emmanuel Macron on Tuesday urged Britain to stay near its neighbors regardless of its exit from the European Union, saying…

8 Min Read
Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip
Business

Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip

Markets prolonged their downward slide on Tuesday as buyers remained cautious concerning the looming tariff deadline, with the S&P 500…

4 Min Read
The Texas Reporter

About Us

Welcome to The Texas Reporter, a newspaper based in Houston, Texas that covers a wide range of topics for our readers. At The Texas Reporter, we are dedicated to providing our readers with the latest news and information from around the world, with a focus on issues that are important to the people of Texas.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© The Texas Reporter. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?