Tesla can help China’s electric car market grow bigger and stronger, says start-up WM Motors
“If Tesla moves its production facilities to China, it could help the entire electric vehicle (EV) market there grow bigger, according to the founder of a Chinese EV start-up” writes Andrew Wong for cnbc.com. “I think Tesla, a very good brand in the electric vehicle market, coming into China actually helps the whole electric vehicle market become bigger and become stronger versus the traditional cars,” says Freeman Shen, founder of WM Motor. Previously, they were required to enter into joint ventures with local Chinese companies in order to operate in…
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