It's about markets, it's about supply chains, and it's about influence they're doing in Latin America, South America, increasingly in Europe. And we are doubling down on stupid here in the United States. 70% of the EV market is coming out of China now. They're 3X, the manufacturing of automobiles that we are in the United States of America, about 31/million vehicles to our 10. And it's the tech stack where they're dominating. (38:27–38:33)
CLAIM
Asserts that China currently holds 70% of the electric vehicle market.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.