I have long said there will be two automotive companies in the future: Tesla and the Chinese.
In this video I discuss the Chinese companies and how it will have to see massive consolidation since there are roughly 300 companies that make EVs. This is not sustainable.
▶️ 3Speak
I am quite surprise why you excluded Japanese company Toyota from your list don't they make EV's currently?
Not really. Toyota is into hybrids and not making EVs. The president feels there is no future in them.
It would not be healthy if we only had 2 or 3 automakers. I've recently read an article about Toyota plans on EV market. I can't find the article I've read, but this one seems to be on the same topic:
https://www.caranddriver.com/news/a45942785/toyota-future-ev-battery-plans/
Of course it is a question of how much of it is just talk and how much actual tech is behind it. And even then there will be a question of scale. But I hope at least some companies manage to survive.
There will be more than 2 or 3 auto companies but it might not include many of legacy auto.
Thinking about the future of the car industry, it seems like companies will need to join forces to survive in the long run.
I believe there will be consolidation. The Chinese are going to do it but legacy auto will likely team up to try and remain competitive.
Hmm, that's going to be a great fight between them I guess to know who stands out amongst them