GOEV - Legacy Automakers Charge Ahead Of New Entrants In EV Push

• While pure-play EV companies have been in the spotlight, actual production of battery electric vehicles has still been minimal (or zero) for many of these companies.
• Currently, the electric vehicle industry is still in its early stages with very few new entrant EV companies likely able to penetrate the market within the next year.
• Despite production delays among new entrants, there has been overall positive market growth driven by traditional automakers, which have been investing more capital into expanding their EV production goals.

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