Peking University Professor Lin Yifu stated at the Tsinghua Wudaokou Chief Economist Forum that China has three major advantages compared to other countries. First, it has talent advantage. Second, China has a super large domestic market. Third, China has the most complete manufacturing industry ecosystem. From a hardware perspective, it is even more evident, "Tesla developed in the USA for more than a decade, with a maximum output of less than 0.03 million vehicles and on the brink of bankruptcy. After investing in China in 2019, it produced 0.48 million vehicles in 2020, turning Tesla from a company on the brink of bankruptcy into the current largest market cap auto company." (Insight)