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Nio and Tesla are developing in an embryonic industry (hybrids and electric vehicles were less than 4 percent of all vehicles sales in 2021 ).

image text in transcribed Nio and Tesla are developing in an embryonic industry (hybrids and electric vehicles were less than 4 percent of all vehicles sales in 2021 ). Large vehicle manufacturers such as GM and Chinese companies such as Li Auto Inc. are increasing competition in electric vehicles. What special problems exist in maintaining a competitive advantage in embryonic and growth industry environments? What are the dangers associated with being the leader in an industry? What should Nio do to expand their market share and enter new markets? (Connections can be made to Chapter 5 and 8 , the Nio case, and Blackberry.) Answer the question in 3-5 full sentences ONLY from the book "Strategic Management: theories and cases- An integrated approach" by Charles Hill and the Harvard cases "NIO: Battling Tesla with Battery as a Service" and "The Rise and Fall of Blackberry" (Do not use Al tools or Google) (Your answers must move beyond description (who and what) to analysis (how any why) )

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