Given a document, generate a short title of the document. The title should convey the main idea/event/topic about which the document is being written. Note that URLs in the text have been replaced with [Link].
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Question: On October 22   Tesla  announced a landmark agreement to manufacture cars in China  building capacity to produce locally and boost sales in the worldâs largest market for electric vehicles.
The agreement is a landmark deal in several respects. China has granted  Tesla  more autonomy than other foreign producers.  Tesla  is the first major foreign automaker to establish local operations without a 50:50 local joint venture partner. This is a key concession as  it  allows  Tesla  tighter control over both  its  intellectual property and vertically-integrated production process.  Tesla  will also benefit by reducing production costs for cars sold in China and  though details were not disclosed  may also receive tax breaks and subsidies akin to those enjoyed by Chinese producers.
 Attracting Tesla  is a symbolic win for China. China has clear ambitions to lead the world in electric vehicles in a broader effort to build a cleaner  environmentally-conscious society. The timing of this announcement during Chinaâs critical 19th Congress reinforces the governmentâs broader objectives.
Yet  a closer look suggests that  Tesla  needs China more than China needs  Tesla . As the chart from IHS Markit: Light Vehicle Forecast below shows  China is an essential market for leading global automakers. China surpassed the United States in 2009 as the largest car market  and car sales in Western markets are forecast to decline  while emerging markets will drive global growth.
With its recent shift in environmental priorities  China is also becoming a major player in electric vehicles. In 2016  China accounted for 45% of all the newly registered electric vehicles worldwide with 336 000 in China vs. 160 000 in the United States. China is also building an EV charging infrastructure that primes the market for a high-end producer such as  Tesla . In 2016  China had a 44% global share of publicly available EV charging outlets  including 82% of fast-charging outlets. Demand for electric vehicles has grown faster in China than in any other global market with the share of EV purchases increasing 3.6x from 2014 to 2016. With EV purchases accounting for just 1.37% of the total car market  the Chinese EV market seems poised for further growth.
Low end EV's dominate Tesla
Despite seemingly favorable market conditions   Tesla  has had little success in China to date. Subsidies have driven electric vehicle demand  with the Chinese government paying up to 50% of the purchase price of domestically-produced EV cars. Lower-end electric vehicles have dominated  and  Tesla   which is subject to 25% import taxes  has largely been priced out of the market. In 2016   Tesla  had just a 3% share of the electric vehicle market in China.
 Tesla âs lackluster performance in China is a striking contrast to other global automakers. As in the West  cars are a status symbol in China  and consumers prefer prestigious global brands. Foreign cars claim a 60% market share in China  with foreign brands claiming seven of the top eight spots for cars sold in 2016. Premium brands have done particularly well in China.
Audi  BMW  Mercedes and Porsche all sell between a quarter to a third of their total global sales in China -- a 10% increase on average in just the past five years. In addition  Volkswagen now sells half of its global volume in China. The experiences of other foreign car brands suggest that  Tesla  should fare well in China if  it  can reduce production costs and vehicle pricing in line with the local market.
It is within this context that  Tesla  needs China more than China needs  Tesla . Chinaâs electric vehicle market will grow with or without  Tesla . But Teslaâs deal with the Shanghai government is both timely and essential. As the electric vehicle market takes off in China   Tesla  must do well in this vital market to maintain global leadership. Building volume in China is required to reduce production costs and pricing in the global as well as local market. Ultimately  as we are seeing in other industries   Tesla  may find that technology talent in China will also prove vital to maintain  its  position as a leading innovator globally.

Answer: Why Tesla Needs China More Than China Needs Tesla


Question: âHis tail was whipping around  I had his head and his body twisting  it took everything I had to hold him without him getting away from me â the Chief of Department for the Suffolk County SPCA Chief Roy Gross told The Post.
But  Gross  said having an illegal reptile like an alligator in a residential home is no joke.
The gator was discovered on Friday after Suffolk Police were called to the home for an unrelated matter. They found the reptile  believed to be about 4-years-old  in a shed filled with complete with heat lamps  water and plenty of food.  Gross  said it was being kept as a pet.
Keeping a wild animal like an alligator in a home in New York is illegal  unless the residence is a licensed habitat  aquarium or zoo   Gross  said. The owner was charged with illegal possession of a wild animal by the New York Department of Environmental Conservation and faces a fine up to $250. If the Suffolk SPCA discovers the animal was abused or neglected  which Gross said is unlikely  the owner could face jail time.

Answer: âArnoldâ the angry alligator captured in Long Island home


Question: CHICAGO/NEW YORK (Reuters) - Jamie Dimon  chief executive officer of JPMorgan Chase & Co  on Wednesday said he expects to see a new U.S. president in 2021 and advised the Democratic party to come up with a “pro-free enterprise” agenda for jobs and economic growth instead.
FILE PHOTO: JP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne (not shown) at JP Morgan's corporate centre in Bournemouth  southern Britain  June 3  2016. REUTERS/Dylan Martinez/File Photo
Asked at a luncheon hosted by The Economic Club of Chicago how many years Republican President Donald Trump will be in office   Dimon  said  “If I had to bet  I’d bet three and half. But the Democrats have to come up with a reasonable candidate ... or Trump will win again.”
Dimon  who in the past has described  himself  as “barely” a Democrat  has been going to Washington more often since the 2016 elections to lobby lawmakers on issues including changes in corporate taxes  immigration policies and mortgage finance.
He also commented on foreign affairs  saying  for example  “We should never be rude to a neighbor like Mexico” and cautioning that the political weakness of  German Chancellor Angela Merkel “ is bad for all of us.” Talks on forming a governing coalition including Merkel’s Christian Democratic Union collapsed earlier this week  casting doubt on her future after 12 years in power.
 Dimon  spoke for several minutes about discrimination over gender and race which  he  said is not acknowledged enough in the United States.
“If you’re white  paint yourself black and walk down the street one day  and you’ll probably have a little more empathy for how some of these folks get treated ”  Dimon  said. “ We  need to make a special effort because this is a special problem.”
 Dimon  gave  his  own bank a mixed review on diversity.  His  direct reports include people who identify as lesbian  gay  bisexual or transgender (LGBT)  and half are women as are 30 percent of the top 200 JPMorgan executives   he  said.
Now in  his  12th year as JPMorgan’s CEO   Dimon  also reflected a bit on  his  own role.
“I basically love my job ”  Dimon  said. “I mean  it’s tiring; it’s exhausting. I have to go down to Washington all the time and it’s a big pain in the ass  but I basically love my job.”

Answer:
JPMorgan's Dimon says Trump likely to be a one