Tesla needs China, but China also needs Tesla ...Middle East

Quartz - Economy

In China’s business circles, executives talk admiringly of a particular type of firm they refer to as a “catfish.” These companies, voracious competitors in crowded markets, force rivals to improve their performance or perish. In China’s hyper-competitive electric vehicle (EV) market, the metaphor of an aggressive fish gobbling up its lesser rivals until only the strongest remain is an apt one.China has around 450 EV manufacturers, according to the Center for Strategic and International Studies, a Washington-based think tank. Only a handful of those companies actually sell cars, as few players in the capital-intensive industry have raised the money needed to build a vehicle. In the US, only

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Last updated : 21 March 2021 clock 05:45 PM

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Tesla needs China, but China also needs Tesla ...Middle East

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