
Tesla’s “catfish effect” and China’s 10-million-units milestone in NEV production
By Hua Ping, People’s Daily China’s annual production of new energy vehicles (NEVs) exceeded 10 million units this year, and this reminds many of Tesla’s story in the country. In April 2018, Chinese President Xi Jinping announced that China would ease as soon as possible foreign equity restrictions, in automobile industry in particular. Three months…