China Seeks to Consolidate Crowded Electric-Vehicle Industry
Comments Off on China Seeks to Consolidate Crowded Electric-Vehicle Industry
September 13, 2021
China wants its electric-vehicle industry that supports hundreds of car makers to consolidate and strengthen its business, the country’s top auto industry regulator said Monday. “The number of new-energy vehicles companies is too big, and the…
China Vows to Consolidate the Bloated Electric Vehicle Industry
Comments Off on China Vows to Consolidate the Bloated Electric Vehicle Industry
September 13, 2021
(Bloomberg) — China has vowed to consolidate the country’s electric vehicle industry after a decade-long nurturing of the sector led to the emergence of too many players, some of which are barely viable. “Looking forward, EV companies should grow…