Lucid Motors & Chinese Electric Vehicle’s

When Tesla joined the Chinese EV market in 2014, the country’s EV sector was in the midst of a rebirth. For the last several years, the Austin, Texas-based manufacturer has produced a catfish effect, in which a strong business like Tesla forces weaker competitors to step up their game especially in China’s electric vehicle industry. Now that Tesla’s sardine-sized Chinese rivals have grown into large fishes in the tank, they are slowly but surely hurting Tesla’s own significance in the industry. What has caused China to expand at a faster rate than any other nation in the world, and by such a large margin? What are the projections for future EV sales in China? And what should an investor look for before making a decision to invest in EV firms in China? All this is to come.
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