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Startups in Asia

China's 'four dragons' drive hopes for electric car industry

Startups keen to absorb foreign talent and technology to establish brand power

William Li, the founder and chairman of NIO, introduced its new electric sport utility vehicle at Auto China 2018 in Beijing. (Photo by Akihide Anzai)

BEIJING -- China for years has tried to establish itself as an auto manufacturing powerhouse, but its vision of creating a major global brand to compete with Japanese, U.S. and European automakers has failed to materialize. Now, the government wants to change that.

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