10-06-2023, 05:36 PM
Even in communist China, you have to turn a profit at some point. NEO isn't a threat to Tesla. BYD is their closest threat, but even BYD's profit is about 1/5 of Tesla's per vehicle sold, and they still aren't making as many EVs as Tesla though they are closing the gap. China refers to hybrids and EVs as NEVs ('new energy vehicles'). Technically, hydrogen vehicles are EVs too, but they're not even a blip on the radar of battery EVs.