Chinese electric cars, China is going to be a major market. The Chinese people will probably buy Chinese-built cars if the quality and price are about equal. That will create a major market which will drive down manufacturing price.

China may be slower to get to market with a great EV but I wouldn’t bet against them to be a dominate force once they do.

BTW, they won’t have to invent the best batteries. They can buy the license to manufacture most likely. The most promising EV battery, Envia, isn’t going to be manufactured by the developing company. They are going to license to others for manufacturing. (GM has already signed up.)