How to be the next Tesla

CARMAKING IS LITTERED with defunct marques, from Whitlock and Hupmobile to Diatto and Mercer. America spawned around 250 firms by the 1910s. As the 20th century wound to a close it had three that mattered: Ford, General Motors and Chrysler. In the past few years an electric version of that American automobile boom is unfolding on a global scale.

Chinese startups like Aiways, Li Auto, Nio, WM Motor and Xpeng are already making EVs in their thousands. In Europe, Croatia’s Rimac and Spain’s Hispano Suiza are building hypercars, while Britain’s Arrival is manufacturing electric vans. American companies such as Canoo, Fisker, Lordstown, Lucid and Rivian hope to start full-scale

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