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China does help start-ups.

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JLS   Tuesday, 01/07/20 07:18:34 PM
Re: DewmBoom post# 9580
Post # of 16407 
China does help start-ups.

In fact, they helped NIO when it was a start-up. Then the government let it go on its own. That's a wise thing to do. At this point, NIO must swim or sink on its own.

I just read yesterday of a new electric car startup in China. They already had $400M lined up. Don't remember the name but that doesn't matter either.

Speaking of knowing squat ..................

The facts are that there are already many electric vehicle manufacturers in China. In fact, the largest electric vehicle manufacturer in the world is there and it's a Chinese company: BYD Auto Co., Ltd.

Products:
Automobiles
Buses
Electric bicycle
Truck
Forklift
Rechargeable batteries

In 2019, BYD launched its global design center, which is led by a team of industry veterans from Audi, Ferrari, and Mercedes-Benz. Leading the team is Wolfgang Egger. The carmaker unveiled its E-SEED GT, the first joint effort from the new design team, at the Auto Shanghai industry show in April 2019. The futuristic design concept reflects the sleek lines of the Chinese dragon, and the company plans to feature more Chinese cultural symbols in future models.

https://en.wikipedia.org/wiki/BYD_Auto


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