BEIJING — China’s electric car companies are racing to ramp up production, faster than Tesla did in its early days.

Start-ups that are U.S. listed XpengMonday, it was stated that produced 100,000 cars — it came six years after the company launched.

Rival start-up for electric cars NioIn April, it had reached 100,000 units. This U.S. listed company was established in November 2014 with a different name and changed to Nio in July 2017. That’s four years ago.

For comparison, Elon Musk’s TeslaTo produce 100,000 vehicles it took 12 years after its launch in 2003. according to public filings.Tesla is not the only company that has experienced delays in its production. in its early years.Electric car manufacturer based in the United States has expanded its production capabilities with two new factories in Shanghai, Berlin and Berlin.

It is clear that Tesla still has a lot more to offer than other companies.

Electric carmaker has crossed the 1 millionth car mark more than a year ago in March 2020,Musk made the comment in a Tweet

Only 238,000 cars were produced in the third quarter. Shares of the company are up by 11% over the previous year.

Xpeng has seen a drop in U.S. listed shares of 12% this year. Nio stock has fallen more than 25% since last year.

Chinese vehicle manufacturer and electric battery maker BYDIt was reported in May that it had produced 1 million passenger cars in the new energy vehicle category,This includes hybrid-powered and battery-only cars.

BYD shares that are Hong Kong-traded have risen more than 25% this year. Warren Buffett is one of the backers. Berkshire Hathaway