$NIO Inc. $XPENG INC. $Li Auto Inc.
these companies are already bigger than GM, Ford and Chrysler by market cap. Okay, these ev companies may eat these traditional car manufacturers lunch in future( it's so doubtful) but, How can they be more profitable than these traditional companies ?
electric cars dont have better profit margin than ice cars, battery business (charging or swapping) is only like gas station. where is source of profits???
what's "secret sauce "???
this is honest question, I just want know reason of this hype...
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