We may participate in the maze, but we do not have equity in the maze. Li does. His holding company for LQMT does not (far as I know it only holds LQMT stock). How far the PLA takes us down the road to profiting from the maze may be peripheral, whilst EON/LI glean the big bucks.
Thanks for laying that out and it makes sense even if it is all conjecture at this point. The motivation for the power upgrade in LF is or is not related to the maze and coming 5G revolution? My thinking is that it is something LL is setting up for LF to not be solely reliant on the trickle down from maze/China and will focus primarily on smaller domestic production contracts ie medical, auto...which as we have seen is not happening with any urgency and in all likelihood could take years for them to manifest. So until then any meaningful revenue coming to LF will be maze trickle down sourced? Is that your thinking?