Quote from article:
The Japanese automaker was initially uncertain about how fast demand would grow for electrified vehicles in China and wanted to avoid over-investing, said Seki.
“The growth in local competition has been much faster than we expected,” he said. “Now we have come around to changing our local strategy.”
Demand picturing changing on a daily basis here guys...
GXY Price at posting:
$3.05 Sentiment: Buy Disclosure: Held