(EV) industry may be witnessing intense rivalry among a handful of promising start-ups
Although none of these EV start-ups has been profitable so far, each has raised billions of dollars from the online tech giants as they look to put their technology in internet of things, 5G, cloud services and artificial intelligence to use in autonomous driving, navigation and in-car entertainment. The race is to define and set the industry standard and generate a steady stream of revenues either through licensing their technology or through digital subscription services.
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