In recent years, dozens of electric vehicle startups have emerged in China striving to become the Chinese Tesla.
Who will prevail? Keep your eye on Baoneng Investment Group, a Chinese conglomerate that has acquired Qoros Automotive, a company that once had big plans to enter Europe.
Baoneng has humble roots. Incorporated in Shenzhen in 1992, the privately held company started as a vegetable retailer, then diversified into real estate, health care, insurance and auto financing.
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