Cisco is ‘very optimistic' about its expanding business with China EVs

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Cisco is “very optimistic” about its growing business with Chinese electric car companies as they expand overseas, Cisco’s Greater China head…

Cisco is"very optimistic" about its growing business with Chinese electric car companies as they expand overseas, Cisco's Greater China head Ming Wong told CNBC.

Chinese EV-makers have ramped up their global expansion in the last year as domestic competition intensified.However, trade tensions have escalated, with the U.S. and likely the European Union, increasing tariffs on imports of Chinese electric cars. "It's actually the other way around. A lot of things happening. They will keep pushing, going forward, and we'll see how this will evolve."

"What we've seen is in the state on enterprises ... we're just being — we're being uninvited to bid," Robbins said."We're not being allowed to even participate anymore."Looking ahead, Wong is hopeful that the China business can return to growth this year. He did not specifically reference the 2019 period in his remarks.

 

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