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The world's auto giants will need to partner with Chinese companies to survive in China, analysts say [MSNBC.com]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
In this articleEV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024.Chalinee Thirasupa | ReutersBEIJING — Fossil fuel-based automakers have struggled to hold their ground in the world's largest car market, which hasswiftly transformedmore than half the country's car salesIf the foreign brands "can't launch competitive clean energy vehicles in the China market soon, the only hope for salvaging any market share is likely via partnership with a domestic player," said Tu Le, founder and managing director of Sino Auto Insights."But is it too little too late? Perhaps for a number of foreign brands," he said.U.S. automakerGeneral MotorsVolkswagenNissanIn 2023, South Korea'sKiamore than 30% lower than 2020 levelsTeslainvestor concerns growonce 's top market by revenuewatch nowVIDEO4:5804:58Self-driving justifies Tesla's market cap more than car sales
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