And their thought was to try to make sure that when people went to purchase their initially car, It might be an EV — and not merely an EV but, hopefully, a Chinese EV. So that they did things such as — at the time, simply a license plate for your car could Expense an exorbitant sum of money and become tricky to get.
But listening to you, it Appears a bit like China wasn’t genuinely serious about this changeover to EVs as an environmental coverage. It looks like they had been doing this more from an industrial-policy standpoint.
And that means you’re saying that at this point, China really already had a variety of more compact EV providers, which Lots of individuals in the West may not even be aware of, these lesser fish while in the pond you were being referring to.
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They’ve got loads of designs. They’ve bought loads of bargains. They’ve bought loads of market advancement.
Elon Musk has instituted a style of famously grueling operate lifestyle at the manufacturing facility, Which did not go about perfectly with California labor law.
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So, Mara, you’ve just explained to us the story of how Elon Musk employed China to show Tesla into the most significant car maker on the globe and himself — at just one level — to the richest man on the planet. Now I would like to understand the opposite side of this story. How did China use order weed Tesla?
In order that they needed China to undertake a policy that was geared toward decreasing car or truck emissions. And The concept was that It will be modeled soon after an identical coverage in California that experienced benefited Tesla there.