https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/new-carmaker-on-the-block-bytons-ceo-on-chinas-car-of-the-future?cid=mobility-eml-alt-mcq-mck&hlkid=534b0782f9e54989bd5602fd52be3cde&hctky=3200528&hdpid=64275caa-1d28-4eed-ac1c-4fd13432b97d
....Carsten Breitfeld: China is the place where the future of mobility will be shaped, developed, and designed, for four reasons. One, it’s the biggest market in the world, with about 30 million yearly car sales right now. Two, everything in China is developing at high speed, in every sense. Three, there’s a lot of money, and its investors are prepared to invest not just in early-stage companies but also in teams and ideas. We raised $240 million in A-round funding from Chinese investors, based just on a design we had as a team and on a business plan. This would never happen in Europe, and rarely in the United States. The fourth factor is the strong political will to make this happen. The Chinese government wants future transportation to be electric and smart. And when it comes to smart transportation, you need a strong 5G network and infrastructure.
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