Speaker unverified: belief

Transcript context

…I have heard this from other sources talking about the growth of electric vehicles. People are saying, oh, the real growth is in China just from a consumption perspective. I think that's people betting on the continued development of the economy, the incredible demand, and probably government incentives to be driving an electric car in the next few years. Definitely government incentives. It's a complicated story. The government is tamping down incentives, but I think the overall demand is still going to be there. There's a lot of competition as you can see, basically every Internet company. We've listed a bunch. I'm just waiting for Pinduoduo to announce that they're going to do some discount cars. EVs are the new games for Chinese companies.…

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