Xpeng says China close to building ‘killer’ rival to Tesla Model Y

Chinese automaker Xpeng is reportedly on the brink of launching a new electric vehicle that could rival Tesla's Model Y in both domestic and international markets. Elon Musk’s Model Y is currently the top-selling electric SUV globally and the second most popular in China. This new Xpeng offering aims to challenge Tesla's dominance, potentially reshaping the competitive landscape of the electric vehicle market in China and beyond. The move underscores China’s growing influence in the EV industry and its ambitions to rival Western tech giants.