Competition in the Chinese electric car market continues to gather pace. While Tesla with its Model 3 and Model Y long considered the undisputed market leader, are now setting Xpeng and Geely are putting pressure on the US manufacturer with affordable, technologically advanced models. Especially the Geely Galaxy series and the Xpeng Mona 03 are increasingly gaining market share - and at a significantly lower price.
Xpeng Mona 03: A Model 3-competitor at half the price
With the Mona 03an all-electric mid-size sedan, Xpeng is launching a vehicle on the market that is Range and technology with the Tesla Model 3 can keep up, but significantly cheaper is.
🔹 Sales start: August 2024
🔹 Range: At least 515 km
🔹 Price: From 119,800 yuan (approx. 16,000 €)
🔹 Comparison: Tesla Model 3 starts at 227,500 yuan (approx. 31,000 €)
Already in January 2025 were over 15,000 units sold - a strong signal to the market.
Geely Galaxy: High sales figures and strong competition for Tesla
Also Geelyone of China's largest carmakers, is also focusing its Galaxy series on affordable e-cars with premium features. The sales figures speak for themselves:
🚗 93,545 units sold in January - a growth of 130 % compared to the previous year
🚗 Models: Sedans and SUVs with modern technology and intelligent driver assistance systems
🚗 Target group: Price-conscious buyers who Tesla-are looking for alternatives
Tesla responds with price reductions
In view of the growing competition Tesla is not standing idly by. In order to continue to attract buyers, the US manufacturer is currently offering discounts in China. attractive discounts in China:
💰 Model 3: 8,000 yuan subsidy for car insurance & interest-free financing over five years - a saving of up to 20,000 yuan (approx. € 2,800)
💰 Model Y: No official discounts yet
China remains the key market for electric cars
China is the world's largest automotive market and is making of all-electric and plug-in hybrid vehicles, accounting for around 60% of global sales. sales. In such a highly competitive market, it will be difficult for Tesla increasingly difficult to maintain its dominant position.
Conclusion: Xpeng and Geely offer high-quality alternatives to Tesla, which are characterized by lower prices and modern technologies are convincing. The price war will intensify further in 2025 - and could change the entire electric car industry in the long term.
Keywords
Tesla, Tesla Model Y, Tesla Model 3, Tesla Accessories, Tesla store, Shop4Tesla, Tesla newsXpeng Mona 03, Geely Galaxy series, electric car China, cheap electric cars, Tesla China, Tesla discount campaigns
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