Many of the new companies will not survive. In fact, that might be the way that some of the legacy automakers remain relevant. They will have to buy out some of the EV companies to get the technology.

As for China, more FUD. Do not buy into it. The Chinese are having potentially the leading EV maker in the world with a huge plant in their country. They are not going to overlook that part. Yes they play their power games but Tesla is going to consume a lot more than the in country EVs will.

What happens when Tesla is the largest consumers of batteries in the world? Do you think China wants to be locked out of that. If Tesla said screw you and went solely with Panasonic and LG (along with its own), what would that do to China?

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