2/ Take, for example, Mercedes EQC, which utilizes the MRA platform. It's essentially a GLC-Class with an 80kWh battery instead of an engine. The same goes for Audi e-tron, Jaguar I-Pace, etc.

As legacy OEMs start using dedicated EV platforms, the cluster shifts up & to the left pic.twitter.com/6lI8iWLOoo

— Snow Bull Capital (@snowbullcapital) May 4, 2021

4/ The EV industry has shifted back towards LFP batteries, mainly thanks to @BYDCompany Blade & CATL CTP, both of which were unveiled in 2020. Iron phosphate batteries are cheaper, safer, have higher pack utilization, & last longer than NCA & NMC. Plus, no cobalt in the cathode. pic.twitter.com/DrfBJxl7yo

— Snow Bull Capital (@snowbullcapital) May 4, 2021

5/ BYD dominates the sweet spot; it is the only automaker in the world that produces its own batteries, and has been making EVs for over a decade.

The sweet spot will continue to be occupied by Chinese EVs; no EVs that would fall in the sweet spot are even planned for the West. pic.twitter.com/eNaYWyna4k

— Snow Bull Capital (@snowbullcapital) May 4, 2021