With more than 21.5 million new passenger cars sold in 2021, China is by far the world's largest car market, and everyone who's anyone in the automobile industry has manufacturing operations there.
Tesla makes no exception and its investments in the Giga Shanghai assembly complex are paying off big time, as the China is by far's biggest overseas sales market. Despite that, the EV maker constantly has to explain why it places such a big emphasis on China, especially now that Chinese-US relations aren't at their best and the two countries are engaged in strategic competition.was asked about the company's focus on China and plans to expand further there.
"We're building factories around the world. Our view is the world is going to electric vehicles and to batteries that are lithium-ion based and we need to be in all of the major markets around the world."
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