This podcast starts with a discussion on the NEV take rate hitting 52% and Tu points out that it's a massive number that is also getting help from the steep dropoff of ICE sales. 

They also both take a few moments to discuss the softness in demand that Tesla is feeling and how its likely adding pressure for them to continue to cut prices in order to keep the factory running and keep factory utilization high.

They then also scrutinize Li Auto's original aggressive 2024 sales forecast and how that's been dialed back as well. 

Tu again reiterates that within the next couple years, Chinese IP will be in European branded vehicles both sold in China and Europe. The conversation then shifts to the potential additional EU tariffs on Chinese imported EVs and which brands and products will likely be affected and retaliated on. 

Tu closes out the podcast with a summary of a Reuters interview of Carlos Tavares, Stellantis Global CEO.