Tu & Lei take the first few moments of the show to talk about VW's battery systems factory investment in Anhui Province and move on from there to also talk about NIO's announcement about their Iron Lithium hybrid battery.

They then discuss the highs and (current) lows of China Evergrande New Energy Vehicle group and what they expect may result from the parent's debt struggles. They then move on to discuss how Faraday Future has gone from a startup on the brink to one that seems fairly well capitalized and close to getting their flagship product, the FF91 finally on the road.