Tesla faces yet another EV rival in China as partner of Ford and Mazda teams up with Huawei and CATL to launch the Avita brand

Source: South China Morning PostChongqing Changan Automobile, the state-owned Chinese partner of Ford and Mazda, has added a fourth electric car brand to its portfolio as it joins China’s dominant 5G technology company and battery maker in taking on Tesla in the world’s largest market for vehicles running on non-fossil fuels.Changan has set up a new unit called Avita Technology, with stakes owned by Huawei Technologies and Contemporary Amperex Technology (CATL), according to a statement to the Shenzhen Stock Exchange. Avita…Read More

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