Chinese Tesla rival Xpeng expands production capacity as competition heats up

• Xpeng said it will increase the planned production capacity of its Zhaoqing manufacturing site from 100,000 cars a year to 200,000.

• Competition is heating up in China’s electric vehicle industry as Xpeng faces challenges from other domestic start-ups including Nio and Li Auto as well as U.S. auto maker Tesla.

• Xpeng is looking to expand production for its range of models — the G3 SUV, the P7 sedan and its recently-launched P5.