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China spent 25 years failing to build a globally competitive domestic car industry through hundreds of billions of dollars of subsidies and forced partnerships. Then they tried something radical.
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China spent 25 years failing to build a globally competitive domestic car industry through hundreds of billions of dollars of subsidies and forced partnerships. Then they tried something radical.
In 2018, they invited Tesla to build a wholly-owned factory in Shanghai. No joint
时政
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twitter.com)
00:02:28
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Xiaomi shares plunged nearly 9% after a fatal crash involving its SU7 electric car, Bloomberg reports
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Xiaomi shares plunged nearly 9% after a fatal crash involving its SU7 electric car, Bloomberg reports
According to the outlet, a 31-year-old driver in China collided with another vehicle, crossed into the opposite lane, and the car caught fire. Witnesses tried to pull the man
时政
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twitter.com)
00:00:17
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