HONG KONG -- When China allowed Elon Musk to set up the Tesla Gigafactory in Shanghai in 2018, it was as if a big catfish had just been dropped into a placid pond. Homegrown electric vehicle manufacturers were suddenly in mortal danger. The introduction of the industry's apex predator signaled an existential challenge.
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Why China welcomes the pain Tesla brings
Generous policy expected to reap spillover benefits like Apple created
China has permitted Tesla to establish wholly owned operations and made its domestically produced vehicles eligible for subsidies. © Reuters
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