Chapter 110: Exiting with Profits

Monday, Modu Municipal Government issued a cooperation announcement, allocating 200,000 square meters next to Gulf National Forest Park to Tesla for building a megafactory, with a total investment projected at 50 billion.

This action made various car companies realize the country's determination to promote the new energy industry; the decline of fuel vehicles had become an overwhelming trend, unstoppable.

If last week was about the new forces in car manufacturing showing off their prowess, this week saw the established giants flexing their muscle all at once.

SAIC, Beiqi, FAW, an array of multi-billion strategic projects were launched as if money was no object, one after another.

Consequently, the new energy sector went on an unprecedented rally, ten days of consecutive gains, with the index skyrocketing 623 points in just five trading days.