As American electric car maker Tesla Motors Inc. is making a big splash in China, one Chinese auto manufacturer is aiming to take the lead in the electric car market. Xu Heyi, chairman of Beijing Automotive Group, speaks on the sidelines of the Boao Forum. [China.org.cn/He Shan] Xu Heyi, chairman of Beijing Automotive Group, told reporters on the sidelines of the Boao Forum for Asia that his company is partnering up with an American company to roll out a new model of electric car by the end of next year. “The new model will outperform Tesla’s Model S,” he said. Tesla began to take orders of the Model S last August, in the price range of 734,000 yuan to 1.1 million yuan (US$120,000 to US$179,000). Xu said Tesla’s boldness in popularizing the electric car is worth taking a lesson from, but it presents nothing new in terms of technology. […]