Tesla is fighting a price war in China to maintain its position as a leading manufacturer of EVs in the People’s Republic. However, even though local automakers are catching up to Tesla in terms of sales and market share, they are still far behind in terms of technology.
This view is shared by Lucid CEO Peter Rawlinson, who recently said during the Financial Times Future of the Car Summit in London that even though Tesla’s Chinese rivals appear to have almost caught up to the American manufacturer, “if you look at the advance in core EV technology, they're still years and years behind.” He added that “in terms of the elegance of their drivetrain technology, the batteries, the way things are integrated… it's not even close.”
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