China responds to "headwinds" in the overseas expansion of electric vehicles. Protectionism is never advisable.
Only fair competition can lead to technological progress. In 2023, China will remain Tesla's second largest market in the world. Tesla's retail sales in China will exceed 600,000 units, a year-on-year increase of 37.3% with annual revenue of US$21.75 billion. Mercedes-Benz, BMW, and Volkswagen have long become familiar car brands to Chinese people. A Volkswagen is sold in China about every ten seconds.