(Auto) Tesla announces that it will not produce new electric models this year and three strong Chinese rivals will seek to take advantage

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Nio, Xpeng and Li Auto have plans to assemble and produce new vehicles in 2022 and in this way try to close the clear gap that exists with the American automaker.

Tesla has assured that it does not plan to introduce new models of electric cars this year and that it will focus on existing production and on dealing with supply chain problems, which have caused delays. "It would not make any sense [to bring out new models] because we will continue to have parts limitations," CEO Elon Musk said in a phone call on Wednesday.

Meanwhile, Chinese electric carmakers Nio, Xpeng and Li Auto have plans to assemble and produce new vehicles in 2022 with the aim of gaining a bigger share of the local market, where sales are expanding rapidly, according to the daily South. China Morning Post.
Specifically, Nio, a startup founded in 2014, plans to deliver three new models: a luxury sedan, a midsize car equipped with a "digital cockpit" and one other, details of which have not been disclosed. Meanwhile, Xpeng, founded in 2015, will offer an SUV equipped with a semi-autonomous driving system. Finally, Li Auto will start selling its Li One, an electric car with seats for six people.

This scenario could favor the three companies and close the clear gap that exists with the US automaker. Although Tesla continues to grapple with supplies of chips and other components to build its models, its sales and production are higher than those of its Chinese competitors. It maintains an overwhelming lead thanks to strong sales of its Model 3 and Model Y cars, made in Shanghai.
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