More than a decade and a half after Tesla made history by unveiling the first mass-market battery electric vehicle (BEV), carmakers are still struggling to reach mass EV production. Tesla remains the only Western carmaker that can produce BEVs at scale and make a profit doing so, while the majority of established carmakers in the West are still saddled with extremely high development costs and making losses for every electric car they sell.

Mass production typically reduces manufacturing costs over time by allowing manufacturers to spread their development costs across their…

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NOTE TO INVESTORS: The latest news and updates relating to Life Electric Vehicles Holdings Inc. (OTC: LFEV) are available in the company’s newsroom at https://ibn.fm/LFEV

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