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There is some of that, but not really my point in posting. GM is involved in selling that cheapo electric car in China. Reinforcing the "Tesla's valuation is lunacy" theme here.Easy for China to do. They just make such vehicles legal. In the US (or most western countries probably) there would have to be additional weight for safety especially since the western countries have been putting heavier vehicles on the road making it more dangerous to be small and light. The West could easily have opened up a cheap electric market just by making such a class of cars legal - but they didn't.
Which is part of the reason that Tesla deliberately targeted the luxury performance end of the market. It's the only way for small (esp startup) car companies to get into the game in the West. In China, you just need to know the right official to bribe.