Page 6 - தொழிற்சங்கம் மோட்டார்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Chinese EVs speeding to Israel Israel is a small but important market for China s electric car makers, and several brands are on their way here to tussle with Tesla. By the second quarter of 2022, at least ten Chinese automobile brands are expected to be on regular sale in Israel. This is more than in any other country with Western standards. There are two reasons for the storming of the Israeli market by the Chinese, neither of them to do with the sales potential here, which at best amounts to that of a medium-size provincial Chinese city. The first reason is the steep rise in the share price of Tesla in the past year, which is pushing many Chinese brands towards stock exchange flotations. On the stock market, which currently prices in the billions of dollars the distant future of young electric card brands, any announcement by a Chinese brand of exports to a developed Western country like Israel is a valuable asset that can help in obtaining a dream valuation in a flotation,

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