Trade Tensions and EV Developments

This chapter discusses the current trade tensions between the U.S. and China, focusing on the implications of potential tariffs and their impact on various sectors. It highlights the impressive growth of BYD in the electric vehicle market, surpassing Tesla in revenue, and emphasizes the shift in consumer preference towards plug-in hybrids in China. The chapter also touches upon the competitive landscape of the EV sector, as significant capital is raised in China while the IPO market in the U.S. remains sluggish.