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To establish an electric vehicle enterprise like Tesla in China, several key factors are required. The fledgling electric vehicle company obviously needs a lot of money, but also needs the strong support of the government. Of course, enterprises must also have entrepreneurial spirit.

In China, the world's largest auto market, these key factors are not lacking. Those unfamiliar electric vehicle start-ups are springing up. They not only hope to sell electric vehicles in China, but also hope to enter the American market. Of course, most electric vehicle start-ups may not be able to achieve their goals, but even a small number of successful people will lead to a significant transformation in the global automotive industry.

Whether it is a boom or a foam, China's electric vehicle offensive has exploded, and the emergence of the Byton brand can well explain this. The brand has not sold a car and is currently building its first factory. However, Bayern plans to start selling high-tech electric crossover vehicles in China at the end of next year and enter the United States in 2020. This car is called M-Byte, and is supposed to be a smart phone on the wheel, a real smart car. The M-Byte concept car is equipped with a large display. The 50 inch end-to-end shared full screen can also be controlled through gestures. The two battery sizes can also provide more than 329 miles of driving range, and the initial price is only $45000.

If all this sounds too good to be true, the company's executives hope that their Nanjing plant can achieve a peak output of 300000 vehicles in five years. Of course, this batch of production will also include at least another model, the K-Byte sedan to be launched, with the fourth level of automatic driving function.

What makes Dr. Carsten Breitfeld, CEO and former vice president of BMW Group, think he will succeed? The answer is very simple, China. Dr. Bi Fukang said in June this year: "Frankly speaking, what we have done is almost impossible. However, only China can make it happen in the world."

China has become a global incubator of next-generation electric vehicle technology and a powerful competitor in Silicon Valley. The list of Chinese electric vehicle start-ups is very long and growing. In addition to Biden, there are also Neo, Singularity, Xiaopeng, etc. Many car companies are not famous overseas, but they all want to be the next Tesla.

But for these startups, survival, not heroic stories, is their biggest bet. This emerging market has started to be congested, and the technology is still in its infancy. A series of problems faced by Tesla, such as capacity progress and unprofitable, are reminders of the difficult road ahead.

In addition to the availability of national policies and funds, the readiness of factories and the R&D of technologies and products, China's electric vehicles will also face practical testing. In China, there is a kind of illusion of PPT car making. Although there are lofty and gorgeous prospects and charismatic company executives, they are more expressing these beautiful things than making them come true.

Dr. Bi Fukang insists that Byton is different. But there is no shortcut in the long and trivial affairs of product certification and regulatory approval. Faraday's future is a cautionary case. LeEco has a wide range of businesses, including video, film and television, TV, smart phones, etc., but Jia Yueting has also joined the army of building electric vehicles. Faraday, which is in trouble, hopes to deliver its FF91 luxury electric vehicle in December in the future, but this road is still bumpy and full of problems. Faraday originally invested $1 billion in assembly plants near Las Vegas in the future. However, due to the rupture of LeEco, the company was forced to abandon the original plan. Jia Yueting finally chose to continue his dream of building a car in a renovated tire factory in California.

For the vast majority of Chinese electric car players who are eager to compete, there is still a long way to go to achieve certain results. However, it is still too early to judge who will win and who is forging. Zhang Yu, general manager of Automotive Foresight, an industry consulting company in Shanghai, said: "Some of the entrepreneurs really want to do things seriously, while the other part just want to tell stories. Even if the company fails, the sponsors can still get a lot of money."

Zhang Yu hopes that China's electric vehicle industry can experience a blood exchange and restructuring. He said that by 2020, when the government starts to reduce generous subsidies for electric vehicles, the list of competitors in the industry may be reduced. Moreover, at present, the tariff crisis in the United States is intensifying, and the business development of those electric vehicle start-ups that rely on exports will also encounter difficulties, and the market will also undergo a blood exchange and restructuring after a round of survival of the fittest.

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