There is a huge problem for small carmakers, because the market [the supply chain] is sold out for them ... [If ] you want to ensure that [auto OEMs] have enough batteries, you need to build factories closer to the supply chain ... There are some [EV] companies [whose] differentiation is not innovation -- it’s logistics.
Carmakers today understand that in order to make sure they have enough supply, and to gain economic benefit, as well as a performance benefit, they need to bring battery technology in-house.