I don’t think it will be winner takes all. I expect competitors to be relatively close, and may not even be clear who is the winner. One brand may do better in cities, another on highways, etc.
That will affect how outsized the profits will be.
Also, because of politics, I expect there to be separate geographical winners, at least in China and not-China.
That will affect how outsized the profits will be.
Also, because of politics, I expect there to be separate geographical winners, at least in China and not-China.