The Death Spirale of Battery Swapping

Next up we've got a couple of things on Volkswagen the first actually coming from an auto line conversation with Ford CEO Jim Farley. Neo after originally rejecting the idea of price cuts has finally capitulated to an extent and lowered prices in China by about 30,000 RMB for $4,200. And at the same time they are also cutting battery swapping as a free option that will now only be a paid option.