$NIO Inc.(NIO)$ Both EU and US are trying to protect their domestic automakers, realizing how much behind their manufacturers are in the EV technology compared to Chinese EV makers. They are effectively just buying time but, in the end, will slow down the innovations even further. You can't catch up the progress made over ten years by Tesla and Chinese EV makers by slowing them down commercially. The gap will get even wider in the end.

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