Xpeng CEO He Xiaopeng unveils the M03, the Tesla rival's latest EV, at an event in Beijing.
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- Chinese EV maker Xpeng just launched a new low-priced EV.
- The cheapest version of this car is nearly half the price of Tesla's Model 3 in China.
- Elon Musk's car company faces stiff competition in China from a wave of cheap, tech-heavy local EVs.
One of Tesla's Chinese rivals just launched its new low-priced EV with self-driving tech — and it...