• Tesla’s Battery Gamble: Pursuing Innovation at the Cost of Execution

      Musk announced a great vision in 2006: to build increasingly cheaper electric vehicles to replace fuel vehicles and accelerate the world’s transition to sustainable energy.   China is rapidly approaching this goal. The average selling price of new energy vehicles here has dropped from more than 200,000 yuan last year to less than 180,000 yuan, which is the same as that of fuel vehicles, and will continue to fall next year. Brands such as New Car Manufacturing Force and Wenjie, which originally targeted the 250,000-400,000 yuan market, are also launching cheaper models. The Passenger Car Association estimates that for every 100 vehicles sold in China in 2024, 42 will be new…

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