Cisco is 'very optimistic' about its expanding business with China EVs
Publishing timestamp: 2024-06-25 05:37:34
Summary
Cisco is optimistic about its growing business with Chinese electric car companies as they expand overseas. Despite trade tensions and tariffs, Cisco is working with at least 10 electric car customers as they build factories, offices, and research and development centers overseas. Cisco's revenue in Greater China is mainly from manufacturing companies, with electric cars being the largest category. Cisco is hopeful that its China business can return to growth this year, with support from Chinese internet companies expanding globally.
Sentiment: POSITIVE
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