Скачать или смотреть Why Tesla went to China due to smart government policies from Lei Xing

Hear Lei Xing explore the key reasons why Tesla went and set up manufacturing operations of EVs in China.

"Tesla was the first one to 100 per cent own  manufacturing, foreign-owned manufacturing.   It's a sign of China opening up, and also, there's a saying in China,  that in a pool of sardines, you bring in a catfish.  And Tesla was that catfish that kind of invigorated not only the EVs in China but also building the local supply chain in the Shanghai Yangtze River Delta region. So, you know, we have to give credit where it's due, but now we're in the midst of a prolonged price war. And it's gonna drive some brands out. It's gonna continue until these brands are driven out. The ones that are not able to compete, you financially, right? You have to make money, BYD, right? If you look at their Q4 versus Q3 numbers, the margins actually fell, right? Because they offer, even BYD has to offer discounts. And you know how cutthroat the competition is when you're even a leader ..." - Lei Xing

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