The Chinese electric vehicle market has benefited from enormous state subsidies to get it off the ground. One company, Nio Inc, has received a lot of attention as a possible "Tesla rival." Scott Kennedy, senior adviser and the Freeman Chair in China Studies at the Center for Strategic and International Studies, joins "Squawk Box" to explain the company and how it stacks up against Tesla and the rest of the auto industry.
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This Chinese car company could rival Tesla
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