Tesla Drawing Huge Crowds At Shanghai Expo Shows 'Chinese Consumers And US Products Are Still Intertwined:' Expert

The report noted that although fewer people visited the trade fair due to COVID-19 curbs, Nio Inc.‘s (NYSE:NIO) rival in China attracted a huge crowd on Sunday afternoon. 

See Also: Tesla China Sales Lag Warren Buffett-Backed Rival By 44% In October: Analyst Says There’s Something To Cheer About Anyway

"Tesla's success [in China] proves that Chinese consumers and US products are still intertwined," the chief of Shanghai Yacheng Culture, a firm that deals with marketing and branding for retail companies, told the publication.

"After all, geopolitical tensions will not stop US and European companies from doing business in China, because of the gargantuan size of the market," he added. 

An anonymous Tesla official at the booth said the crowd exceeded the company's expectations.

Tesla "had just hoped to share [its] latest products and vision about new-energy vehicles, but many visitors were keen on owning the new models," said the official.

This came after Chinese President Xi Jinping said on Friday that Beijing was resolute in its aim of opening up and "turning China's enormous market into enormous opportunities for the world." 

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