We’ve written a lot about the Chinese EV revolution and tariffs on Chinese-produced EVs sent to the US and Europe. The argument for the tariffs is that China and provincial governments have given Chinese EV producers too much support, resulting in overproduction and artificially low prices that are counter to the foundation of a free market and true commercial competition.
But this article isn’t about trying to determine which argument is right. Instead, a reader comment went in a different direction with this discussion and stimulated this article. On a recent story about Chinese EV producer innovation,: “Chinese innovation will likely die soon as 85% of the companies die in the next 3 yrs. They are presently in a race to the bottom price war. Though, out of that will come a few strong companies.
Assuming that is the case, then, the question would be “how long until that happens?” If Chinese EV producers are losing money quarter after quarter, how long can they go on doing that before closing their doors? Also, assuming this is indeed the story, one might think, “But the Chinese government will save them.” That would not be likely, in my humble opinion.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: cleantechnica - 🏆 565. / 51 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »
Source: cleantechnica - 🏆 565. / 51 Read more »
Source: axios - 🏆 302. / 63 Read more »
Source: trtworld - 🏆 101. / 63 Read more »