Tesla chief executive Elon Musk lauded China for leading the world in electric vehicles and renewable energy, but a top EV rival in the country disagreed.
“Few seem to realise that China is leading the world in renewable energy generation and electric vehicles,” he said in a post on Twitter, under a post about China leading the world on installed wind power capacity. “Whatever you may think of China, this is simply a fact.”
He Xiaopeng, the CEO of Xpeng Motors, one of Tesla’s biggest rivals, disputed Musk’s assessment of leadership in the global EV sector in comments on China’s Twitter-like Weibo social media platform.
“China is not leading the entire world in the electric vehicle race: it is just one of the many frontrunners,” he said. “We had the same heady, vainglorious confidence in telecoms and Internet ten years ago but the tech war has revealed that we are leading on fewer fronts than we previously thought.
To really lead the global charge into an EV era, China not only needs to lead in advanced technologies and EV models but also needs to lead in markets abroad with an all-win business model, He said, adding that “China is still at least ten years away from achieving all of these.”
• Jim Pollard
Tesla Stock Losses Hit 44.6% Since Musk Twitter Saga Began
Tesla’s Removal From S&P ESG Index Sparks Elon Musk Fury
China Fears US Will Use SpaceX to Bring Calamity to World