Electric cars accelerated some trends already in motion: The simplicity of electric cars dropped the last few barriers to *horizonalization." As with PCs and sm

Electric cars accelerated some trends already in motion: The simplicity of electric cars dropped the last few barriers to *horizonalization." As with PCs and smartphones, all players have access to all parts. Vertically integrated players like Apple and Samsung retain some advantages, but are constantly challenged at every horizontal layer by specialist suppliers. There are about three dozen car manufacturers in China. They will thrive in a horizontalized car business.