@Omega88:Could this be a multi-bagger stock in a few years?? Most of these EV companies are still unprofitable, it's likely to hurt their profit margin even further with the increasing price wars, and they are likely to remain unprofitable in the near future. Unlike $Tesla Motors(TSLA)$ and BYD, most EV companies clearly have issues scaling up their production significantly. The competition in the EV market has intensified as numerous traditional car markers (Mercedes-Benz, BMW etc) are also investing and building more EV units. The key question is what is a fair valuation for these EV companies? How fast can it grow over the next few years? Like any new industry, eventually there will only be few survivors. The EV industry is a cash-burning business,