01 Jan Chinese EV makers face day of reckoning in 2024 as competition and price war force out underperformers
Posted at 23:00h
in Asia
Slowing growth, intensifying competition and a bruising price war will pile pressure on the 200-plus Chinese electric vehicle (EV) makers this year, with some underachieving players likely buckle and fold.Most of the companies will have to staunch losses to avert a potential capital crunch...