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How China’s EV Boom Caught Car Companies Napping – Wired.co.uk

How China’s EV Boom Caught Car Companies Napping – Wired.co.uk

 

Legacy auto companies “tend not to take seriously an emerging threat,” Russo says, speaking from his office in Shanghai where he runs Automobility, a strategy and investment advisory firm. “They thought that because the math didn’t work for them, it can’t work for others. The idea of building profitable small cars was a problem they let others solve. Building profitable electric vehicles was a solvable problem that they left for Tesla. The car industry resists change.”Tu agrees. Industry executives “have… 

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