Reported about 12 hours ago
According to AlixPartners, only 15 of the 129 electric vehicle and plug-in hybrid brands currently operating in China will be financially viable by 2030, amid fierce competition and market consolidation. These brands are expected to dominate approximately 75% of the market, but local government support for non-viable brands may slow down the consolidation process. Despite the ongoing price war and falling capacity utilization at Chinese car plants, full-year profitability remains a challenge for most manufacturers.
Source: YAHOO