Elon Musk Regrets Not Listening to Shen Guorong's Advice on Setting Up Factory in China; Reflects on Choosing Taiwan to Avoid Fierce Competition

Reported about 1 year ago

On the evening of June 8, Xie Jinhe, the chairman of Wealth Magazine, shared a conversation with Hon Hai Chairman Shen Guorong during a dinner, reflecting on Tesla's decision not to establish a factory in China and how it affected the company's market position. Shen expressed that if Tesla had chosen Taiwan instead of China, the current situation may have been different, remarking on the intense competition in China's electric car market. The conversation also delved into the potential outcome if Tesla had collaborated with Taiwan's supply chain in 2017 instead of setting up in Shanghai.

Source: YAHOO

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