{"id":93548,"date":"2025-05-11T20:14:11","date_gmt":"2025-05-11T20:14:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/93548\/"},"modified":"2025-05-11T20:14:11","modified_gmt":"2025-05-11T20:14:11","slug":"chinas-ev-market-surges-past-us-and-europe-chinas-elon-musk-shares-two-stats-that-explain-why-xpeng-nysexpev-tesla-nasdaqtsla","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/93548\/","title":{"rendered":"China\u2019s EV Market Surges Past US and Europe\u2014\u2018China\u2019s Elon Musk\u2019 Shares Two Stats That Explain Why – XPeng (NYSE:XPEV), Tesla (NASDAQ:TSLA)"},"content":{"rendered":"

He Xiaopeng<\/strong>, the cofounder of XPeng\u00a0<\/strong>XPEV, has revealed that the sales of new electric vehicles (EVs) equipped with advanced \u201chands-off\u201d driver assist features have seen a significant surge in China over the past decade, outperforming Western markets.<\/p>\n

What Happened<\/strong>: During Xpeng\u2019s global brand night in Hong Kong last month, He disclosed that 50% of new cars sold in China last year were new energy vehicles (NEVs), including EVs and plug-in hybrids. He further added that 55.7% of these NEVs were equipped with advanced automated driving assist systems.<\/p>\n

Contrarily, the U.S. and Europe are trailing behind with EV and plug-in hybrid sales making up only about 11% and 23% of their respective light vehicle markets. Even the most technologically advanced Western cars, like those from\u00a0Tesla Inc.<\/strong>\u00a0TSLA, only have these advanced features in about a quarter of their vehicles.<\/p>\n

According to a report by <\/a>the Fortune, despite the intense competition in the Chinese market, He remains confident about\u00a0XPeng making a significant global impact. <\/p>\n

Also Read: Xpeng And Volkswagen Partner For New Project House Focused On EV Architecture<\/a><\/p>\n

He stated, \u201cOver\u00a0the next decade we aim\u00a0for over half of our\u00a0sales to come from overseas,\u00a0striving to really dominate as\u00a0China’s leading mid- to high-end\u00a0export brand.\u201d<\/p>\n

Why It Matters<\/strong>: This surge in China\u2019s EV market signifies a shift in the global automotive industry. China\u2019s rapid adoption of EVs and advanced driving systems indicates a growing consumer preference for sustainable and technologically advanced vehicles. <\/p>\n

This trend could potentially reshape the global automotive landscape, with China leading the way in EV technology and adoption.<\/p>\n

Furthermore, the ambitious goals set by XPeng reflect the confidence of Chinese EV manufacturers in their ability to compete globally. <\/p>\n

This could potentially lead to increased competition in the global EV market, pushing innovation and development in the sector.<\/p>\n

Read Next<\/p>\n

Chinese EV Maker Xpeng Offers Test Drive Of Its ADAS To Tesla CEO Elon Musk After He Xiaopeng Tries FSD<\/a><\/p>\n

Image: Shutterstock\/THINK A<\/p>\n

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<\/p>\n

Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n

\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"He Xiaopeng, the cofounder of XPeng\u00a0XPEV, has revealed that the sales of new electric vehicles (EVs) equipped with…\n","protected":false},"author":2,"featured_media":93549,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,44059,24813,7314,3826,2441,3825,44060,44061,25693,44062,44063,44064,44065,44066,16,15],"class_list":{"0":"post-93548","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-category-markets","10":"tag-category-news","11":"tag-category-top-stories","12":"tag-cms-wordpress","13":"tag-markets","14":"tag-pageisbzpro-bz","15":"tag-symbol-tsla","16":"tag-symbol-xpev","17":"tag-tag-elon-musk","18":"tag-tag-europe","19":"tag-tag-he-xiaopeng","20":"tag-tag-tesla","21":"tag-tag-us","22":"tag-tag-xpeng","23":"tag-uk","24":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114491035750803298","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/93548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=93548"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/93548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/93549"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=93548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=93548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=93548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}