The Smart EV

The Chinese buyers buying an EV, they no longer look at things like range. I think nowadays, that's why we call it the smart EV. The technology companies have a distinct advantage because they don't need to learn how to build recurring revenue via services. But this whole idea from OEMs that they're going to make huge bundles of money by charging people by the month or by the year for stuff that's built into their car is very risky.