This is especially true in the 150k RMB - 300k RMB segment, ...

This is especially true in the 150k RMB - 300k RMB segment, which $Tesla (TSLA.US)$ , $BYD Company Limited (002594.SZ)$ , and $XPeng (XPEV.US)$ primarily operate in.
$NIO Inc (NIO.US)$ and $Li Auto (LI.US)$ , I think are relatively more insulated in the premium segment. They are in a much stronger position competitively in that segment.