Aaron

Let's think about China's extraordinary leverage. It is no secret that China is home to the largest EV market in the world. PRC consumers will buy more than 10 million BEVs and PHEVs this year. That's 10x the US number. But what people are only now beginning to come to terms with is that its massive home market gives China enormous leverage across the world (see VW potential plant closures, GM & Ford delays, Northvolt setbacks, etc) Capacity, batteries, supply chains, subsidies are all concentrated in China around its giant home EV market. This will only get bigger, creating a powerful launching pad for global exports. What other nation can match the firepower? Japan, Korea, North America and Europe may need to join hands/markets/industries simply to survive.