Automakers

Tesla's $25,000 car does not worry China rivals

Tesla China
Tesla builds the Model 3 at its Shanghai factory in China.
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By:
Bloomberg
September 28, 2020 10:38 AM

Tesla's promise to build a $25,000 car within the next three years does not seem to have fazed China's most-promising electric-vehicle startups, with executives at the Beijing auto show saying Elon Musk is welcome competition.

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