The auto making company has yet again been challenged by a Chinese entertainment firm, which is all set to launch its own EV in the coming year.
Tesla has yet again been challenged by another firm, this time the Chinese Netflix, as the firm has announced recently announced that it will be launching an electric car in the coming year which is going to prove as a competition that the EV makers need to be worried about.
The electric car makers are considered to be the pioneers in the industry and also quite properly established in the business to be challenged by a smaller company but Jia Yueting, the Chinese firm, believes it can handle the pressure and turn out to be a huge success once it actually launches its smart hybrid car. Furthermore, this car is scheduled to be released first at the Motor Show that is to take place next year in April in Beijing.
This news has been quite a surprise for the analysts in the market but if a little follow ups are made on Yueting’s recent activities, it will be seen that a new deal was signed up by the firm with British auto making company Aston Martin. The auto giant has signed the contract for a completely different reason and that is to make its cars be equipped with high class components that make the customers not only happy but also comfortably satisfied with the offerings of the vehicle. These vehicles are expected to be entirely electric ones which is why it is being speculated that the Chinese firm could be getting the idea to make an electric car of its own while taking ideas and expertise from the British auto maker.
Back in the month of May, a news article published by the Business Finance News showed how Aston Martin is all set to work on a smart car which will be equipped with a new technology DBX concept. This new concept has recently been launched by the firm for its customers.
As per the report that has stirred the auto industry, it came around to the investors’ attention that the Chinese entertainment company seems to be quite sure about what it wishes to do as it has engaged a massive six hundred employees in the car making project and is all set to give Tesla competition it cannot ignore. The Chinese firm has also taken help and expertise from many other auto makers for the same project and by the looks of it, it shows that company from China could actually end up making a smart car that surprised the whole industry.
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