The EV auto market has been heavily invested in by the Chinese – with at least three mid-sized sedans from Nio, XPeng and BYD ready to roll, or in the works for next year. All of them can outsubsidize any European, South Korean, Japanese, or American automaker. China is poised to be to the EV market and a leading manufacturer, having an impact on the U.S. auto market that is no different than what the low cost, high gas mileage Toyota and Honda sedans did to the big American car market starting in the 1970s.
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