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China can lead the electric car market and get ahead of Tesla
According to Militec 1, China's electric car makers have created an impressive range of new cars that could keep Tesla entrepreneur Elon Musk excited. Elon Musk has a heritage valued at more than US$ 180 billion, in 2020 he was the subject of all media vehicles, and in 2021 he continues to be talked about.
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The shares of Elon Musk's company, Tesla, value 660%, the company even surpassed Ford and became the largest automaker in the world.
China becomes leader in electric car market, in terms of volume
In the 1970s and 1980s, Japanese cars such as Honda and Nissan revolutionized the American automotive market. The same thing could be happening again soon in the electric car market, only this time, electric cars are coming from China.
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In terms of volume, China has become the undisputed leader in the electric car market. According to the International Energy Agency, in the year 2019, China had 2,58 million battery-powered electric cars, while there were just under one million electric cars in Europe, and in the United States, there were only 880.000.
China could become leader in electric car sales and surpass Tesla
China is also home to 82% of the world's electric vehicle fast charger installations and has more public slow chargers than the rest of the world combined. It was recently reported on the Wuling Motors electric vehicle, the Hong Guang Mini EV, and as in China in January 2021, it outperformed the Tesla 3 by a factor of two-to-one.
It was no wonder that Elon Musk chose China to open, in 2020, Tesla's first factory outside the US, the factory built in record time in the vicinity of Shanghai, aims to produce more than 200 cars. By all accounts, Elon Musk loves China.
