China races to build its own Tesla as economy slows and subsidies dry up
A view of electric cars owned by a local car-sharing company in Wuhan, China.
Feature China | Barcroft Images | Barcroft Media | Getty ImagesBEIJING — When an idea strikes a chord with national ambition in China, the result can be millions of dollars wasted and a handful of start-ups struggling to survive in a cooling economy.
In the last few years, venture capitalists rushed to pour billions of…