There are 91 EV carmakers in China. Only one is making a profit.
Famous Chinese EV brand stops making cars and fires nearly all staff
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Famous Chinese EV brand stops making cars and fires nearly all staff
via Yahoo: When China’s BYD recently overtook Elon Musk’s Tesla as the global leader in sales of electric vehicles, casual observers of the auto industry might have been surprised. But what’s caught other carmakers around the world off-guard is something …
Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.” President Joe Biden endorsed the UAW’s demand for a major wage increase …