China's booming electric vehicle companies eye U.S. competitors they see as ‘not ready' [CNBC]
Tesla, Inc. (TSLA)
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Source: CNBC
Growing stars of the auto world, EVs are also now the subject of intense commercial competition and national security concerns for the world's two largest economies. And this metropolis known as China's Silicon Valley is at the heart of the country's bid for dominance in the lucrative global market Chinese companies such as BYD, the biggest global rival to America's Tesla , are forcing Western automakers to change their approach to electric vehicles if they want to remain competitive in a growing industry. More from NBC News: Disney to cap the number of Marvel movies it releases each year as it doubles down on ‘quality' Panera says it is phasing out its controversial Charged Lemonade nationwide Boy Scouts of America will change its name to Scouting America in an effort to be more inclusive “They're not ready,” said Stella Li, chief executive of BYD Americas. “For BYD, we are ready. We are ready for technology, and we are more ready on supply chain,” she told NBC News in
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