The EV Industry Is Splitting In Half — NIO, Onvo, Xpeng Flying Cars, and Honda's Collapse

Honda just reported its first annual loss since listing in 1957 — nearly $15.7 billion written off on a failed EV strategy. Combined with write-downs from Ford, GM, and Stellantis, the Western auto industry has now lost over $67 billion trying to catch up on EVs. Obi breaks down what went wrong for Honda, what it signals for the broader global auto industry, and why the contrast with the Chinese EV sector couldn't be sharper. Also covered: NIO's Onvo brand adding LiDAR to the L60 in a quiet but important product move, and Xpeng's flying car division closing in on $1 billion in total funding with mass production launching this year.Nord Security Products:NordVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=143053&url_id=902NordPass: https://go.nordpass.io/aff_c?offer_id=488&aff_id=143053&url_id=9356