In 2016, Tesla released the Model 3. When Chinese consumers wanted the most advanced electric vehicles, the Chinese government communicated with Tesla in 2017 about building a factory in Shanghai to produce China-made Teslas. Currently, Tesla is the highest-selling pure electric vehicle brand in China ( Model Y sales in China in December last year were 60,055 volumes
) The intense competition in the electric vehicle market has fostered the development of high-quality Chinese EV brands such as NIO, Li Auto, XPeng, BYD, Zeekr, Xiaomi, Aion... ...
In contrast, in the free and democratic America market, the response to competition in the drone market has been to ban DJI, and the response to competition in the short video market has been to ban tiktok.
Let’s see in ten years which market environment will foster advanced productivity.