[Niubee]

EV as a business = normal car business

Normal car business is a low margin manufacturing business.

Every economic recession demand for cars drop= it is cyclical business.

Toyota  a major player in the car business was worth around $200B. That is with its large economy of scale, branding and established distribution.

The market is overvalued EV manufacturers by alot.

Margin is falling as everyone slash price..

China has many good investments. EV is not one of them.

U have data to prove?