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- Lucid CEO Peter Rawlinson said Chinese automakers are still "years behind" Tesla on EV technology.
- He told a Financial Times conference that car companies should not "underestimate" Chinese firms.
- Companies such as BYD are now challenging Tesla in China after years of rapid growth.
Chinese EV makers are challenging Tesla — but one of the company's rivals still thinks they're years away from overtaking Elon Musk's firm in one respect.