Tu & Lei start this podcast out confirming their prediction that the State Council would extend the NEV purchase tax exemption was correct. They then take a few moments to compare and contrast the speed and amount at which announcements and news comes out of the China market vs. the US & European markets. 

The conversation moves on to how China EV Inc collectively is investing in vertical integration in order to compete against one another, but to compete globally even if they're not profitable. 

Lei moves the discussion over to the XPeng earnings call and some of the notable takeaways from it. Tu then poses a question to Lei - When does he think the China market will reach 50% take rate on NEVs.

Tu and Lei take a few minutes to discuss the launch of the electric Dodge Charger and the controversial artificial engine noise that's digitally produced when the car is accelerating. 

Tu and Lei close out the pod by chatting about the Detroit Auto show and where they'll be specifically that they'll be attending a happy hour at The Brakeman off of Woodward Avenue in Detroit on September 12th starting at 5pm.