Electric vehicles EVs hit the headlines again last week after two separate events when EVs burst into flames in China. Tesla and NIO, two EV makers that are listed on Nasdaq and NYSE respectively, said they are investigating the cases but no details have been released.
Despite the furore, investors are not steering clear of the sector, in fact they might double down specifically on battery safety investments.
Ian Zhu, managing partner of NIO Capital, is typical. He dismisses the recent fires as small incidents and speaks about the opportunities in the car and battery safety business.
Established in 2016, NIO...