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China's EV industry braces for a shakeout as prices plunge

Automakers in China's highly competitive market for new energy vehicles (NEVs) have been cutting prices aggressively. Local players are now sounding the alarm.https://t.co/Cp62rRnXmI pic.twitter.com/0W29IlMZhF

— Nikkei Asia (@NikkeiAsia) May 8, 2023

Local players face softer demand and competition from foreign makers

CK TAN, Nikkei staff writerMay 5, 2023 06:00 JST

SHANGHAI — Amy Liu is unsure whether she should trade in her 5-year-old electric SUV for a newer model with a longer range or wait a bit longer.

“If I place an order now, I’m afraid the price might drop next month,” the property agent in Shenzhen said.

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China’s EV Industry collapse: 90% of EV Manufacturers may face bankruptcy, 100 Brands may disappear

Posted on April 26, 2023 by weehingthong

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EVs Made in China

Posted on April 14, 2023 by weehingthong

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