Rumors that Shanghai Automotive is in talks with Tesla to sign an FSD license agreement. The rumors have sent Shanghai Automotive shares soaring despite the overall market decline in recent days.
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“I heard that the city government gave me a big gift this time during my visit to Shanghai Automotive Group. Shanghai Automotive Group has come to co-develop the Bukdu (Beidou) version of the FSD with Tesla. That’s why Shanghai Automotive Group’s stock price seems to have hit the upper limit in recent days. This is interpreted as an exchange condition for Tesla’s FSD to enter China.
“If this happens, Shanghai will likely be able to take advantage of Tesla’s FSD in its own branded vehicles, Zhiji, passenger cars, Audi Purple, and vehicles that it has co-produced with GM. Or at least it will benefit in some form from Tesla’s FSD.”
“Somehow, the stock price deserves to go up.”
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