Tesla vs BYD in China - Which Is Harder to Do?

Felix: I'm glad you raised this basic materials question, which is going to be so central to the future of the batteries and the EVs. It could work the way you said or it could just be China plays hardball and says access to our minerals is a trade for access to your markets. So it can happen in a very explicit way. A massive point of leverage and it's going to get used at some point. But it might be that maybe their most promising market at some point in time will be the battery market where they become one of the really important suppliers to lots and lots of even makers around the world.