[Manthink]

The EV race is what I call the losers race. It is like Airlines where all players just slash price to stay competitive and very little profits to be made.
Right now all the auto giants Toyota, Mercedes, Ford, Volkswagon, Hyundai are beginning to ramp up .. . This will mean the number of players crowding the space driving down margin will escalate. Tesla has the best margin so has room tk cut to prevent loss of market share. BYD is on thun margins and does not have branding power outside China.  It will have a problem once big traditional autos like Toyota comes in

Why you consider the on-going intense EV competition in China market a "loser race" when this will benefit consumers in the long run ?

I am no surprised with your short-term-ism and selective myopic view whenever Chinese is in the picture...