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Fortune

Christiaan Hetzner

'China’s Elon Musk' uses just two numbers to demonstrate why his country’s auto industry is now outcompeting the U.S. and Europe

United States Elon Musk China Tesla Inc. Xpeng Europe

Xiaopeng He, founder and chairman of Xpeng Inc., during a launch event for the company's X9 vehicle in Hong Kong, China, on Tuesday, April 15, 2025 (Credit: Lam Yik—Bloomberg/Getty Images)

Xpeng cofounder He Xiaopeng says the number of new electric vehicles equipped with highly automated “hands-off” driver assist features sold in China has soared in just a decade and is now outpacing its peers in the West.

If you want to know why the most technologically advanced cars are currently built in China rather than the United States or Europe, two numbers describe the breakneck pace of innovation there.

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