Yet, a closer look suggests that Tesla needs China more than China needs Tesla. With EV purchases accounting for just 1.37% of the total car market, the Chinese EV market seems poised for further growth. In 2016, Tesla had just a 3% share of the electric vehicle market in China. Battle for global market shareIt is within this context that Tesla needs China more than China needs Tesla. As the electric vehicle market takes off in China, Tesla must do well in this vital market to maintain global leadership.

Source: Forbes November 02, 2017 03:00 UTC