It(TESLA) has started electric vehicle production in China ahead of some foreign rivals, and its Shanghai factory could push its production costs lower. Success means grabbing a bigger slice of the world's largest car market. Investors, at least, are optimistic about the company's plans: After falling as much as 46% earlier this year, Tesla's (TSLA) stock hit an all-time high this week. (CNN)
Comment:
China has further strengthened the protection of intellectual property rights and created a good business environment, making China the world's largest automotive market, which in turn has attracted the attention of more investors of auto-industry worldwide.
(Editor Dou YiKe)
(All contents of this newspaper may not be reproduced or used without express permission)