But who needs contract manufacturing? Even if there were, they wouldn't choose Li Yang, someone with no background in the automotive industry.
"Right."
"So, President Li, are you planning to acquire an established car company?"
Li Yang smiled and said, "No need. I'm focusing on electric vehicles, which are quite different from traditional car companies. We can just do our own research and development."
Li Yang never intended to do everything himself. Although doing it himself could save costs and avoid being held back, it would be too time-consuming.
What he plans to do is to integrate the domestic electric vehicle supply chain, to put it bluntly, become an assembly plant.
After establishing a certain foundation, he plans to develop some things on his own.
In 2018, China decided to integrate the electric vehicle supply chain, and for this, Modu spent over a billion to bring in Tesla.
