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00:00Talk to me about EVs, Tesla in particular. What happens to that company?
00:05Look, if I take the history of EV, you know, in 2008, 2009, there were probably two guys believing in EVs.
00:16Tesla, that means Elon Musk was one of them. I was the other guy because we launched the first mass marketed car, which was the Leaf of Nissan.
00:24But Tesla was a startup and they struggled a lot to begin while we were able to be supported by the huge business of Nissan and Renault on the side.
00:39There is no doubt in my mind that the future going towards electric cars and the people who understood this quickly were the Chinese.
00:47I think on top of Elon Musk and some people in the industry like myself and very few other people, the government of China understood that if they want to build a car industry,
00:58they're going to have to build it on a technology where they don't have a handicap toward the European or toward the Americans or toward the Japanese.
01:07And it was electric car because electric car were received into this country with some kind of, yeah, maybe it's work, maybe it's not work.
01:12Maybe we're going to hybrid, maybe hydrogen. Well, they said, OK, this is our opportunity. Let's go for it.