Zeekr 7X SUV: Geely Auto Shakes Up China’s EV Market Against Tesla
Zeekr 7X SUV Launch Affects Tesla's Market
Geely Auto has intensified the competition in China's electric vehicle market with the launch of its Zeekr 7X SUV. Priced at 229,900 yuan (US$32,539), it undercuts Tesla's Model Y by 4%, making it a compelling option for consumers.
A Competitive Edge
With bookings exceeding 58,000 within weeks, Zeekr’s 7X offering includes options for 605km and 780km of range. The SUV employs fast-charging batteries, capable of delivering nearly 400km of range in just 10.5 minutes.
Industry Impact
Tesla faces growing pressure, with deliveries of the Model Y from Shanghai decreasing by 17% over the first seven months of 2024. This shift highlights the fierce competition as brands like Nio and Xpeng also bring more affordable models to challenge Tesla's stronghold in the premium segment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.