China's EV industry expands ‘going global' strategy, latest Tesla Model 3: 7 EV reads
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The electric vehicle (EV) industry, formerly one of China's most inward-focused industrial sectors, is now leading a push overseas, carrying the government's hopes of forging an offshore economic empire to sidestep cutthroat competition at home.
A woman views a Tesla Model 3 during the third China International Supply Chain Expo at the China International Exhibition Centre, in Beijing on July 18. Photo: AP Photo
Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from local rivals amid intense competition in the country's premium EV segment.
EV sales in mainland China hit a speed bump last month, sparking worries about the industry's growth momentum as more carmakers heed Beijing's call to hold back on discounts and focus on profitability.
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