Transportation

The company is snapping up controlling stakes of existing manufacturers.

China is the world’s largest EV market and accounts for more than half of the global EV sales last year. 

China aims to put 5 million new energy cars on the road by 2020.

A Chinese Model X owner told KrASIA that he and other owners “have been in discussion with the dealers,” hinting at a possible solution

The two companies plan to work together in new retail too.

The joint venture includes a Japanese company as well.

Drivers in China looking to switch over to electric cars have plenty of options.

The salaries of its employees in the country will also be impacted.