Tesla’s $25,000 car doesn’t worry its biggest rivals in China
Monday, 28 September 2020 ()
Tesla Inc’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle start-ups, with executives at the Beijing Auto Show saying Elon Musk can bring it on. “It’s a good thing for us,” WM Motor Co founder and Chief Executive Officer Freeman Shen said. “We are very happy Tesla came to China because Tesla is just like Apple in the early days, they educate the whole market.” “Just as Apple Inc’s share in the mobile-phone market has been eroded by local players like Xiaomi Corp, Oppo and Huawei Technologies Co, so too will Tesla’s —...
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