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China Rival Xpeng Is Not Worried About Tesla

Sep.28 -- Tesla's plans to build a 25-thousand-dollar car and its push into China aren't worrying its biggest rivals on the mainland...just yet. EV maker Xpeng Motors says that Tesla is helping to accelerate the popularity of electric vehicles, which benefits all players. President Brian Gu told our Bloomberg Markets co-anchor Tom Mackenzie he sees strong growth ahead on the sideline of Beijing Auto Show.