Tu and Lei start off this episode with a brief discussion on all of the news from NIO Day 2021 including their initial reaction to the ET5. Tu believes that the Tesla MIC Model 3 could have some serious competition between the NIO ET5 & the XPeng P5 in 2022. They then move on to the subscription services and AR/VR glasses that were announced at NIO Day and how it could enhance NIO's future offerings.

They move onto CATL's dominance in the battery cell manufacturing sector and how its competitors could create opportunities for themselves to compete with CATL in the future. 

Finally, Lei & Tu talk about how Huawei has moved even closer to building their own EVs with the AITO M5 being built by Seres and close out the pod talking Haomo, the latest Chinese AV startup unicorn that was spun-off of Great Wall Motor and still has a very close relationship with.