The Strategist

Musk names most competitive electric car manufacturers

09/20/2021 - 07:41

Tesla CEO Elon Musk believes Chinese carmakers are the most competitive in the world, Bloomberg writes, citing the entrepreneur's statement at the World New Energy Car Congress online forum.

"I have great respect for many Chinese automakers for adopting electric vehicle technology," the agency quoted Musk as saying in a speech that lasted just three minutes. He noted that the strength of Chinese automakers lies in the area of software.

"Public opinion and support for electric cars has reached a tipping point because the understanding has come that this is the future," he said. Musk added that he sees "great potential" for China as an electric car market.

The agency recalls that China is the world's largest electric car market and is crucial for US Tesla.