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Tesla's presence could be a 'positive catalyst' for China's electric vehicle market

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Brian Gu, president of Xpeng Motors, predicted demand for electric vehicles will rise as countries implement carbon emission standards.

. He explained that Tesla's success in the country would bring a "good supply chain" and better "user experience" for consumers.

Xpeng Motors Technology Ltd.'s G3 electric sport utility vehicle is displayed at the 2018 Guangzhou International Automobile Exhibition.the United States in Shanghai, which is expected to reduce labor costs and improve profit margins.

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