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
carmakers
China’s Tesla Beating Ev Maker Has Global Carmakers ” In Shock” About Its Low Prices….$11k For Some
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 else about BYD, which is backed by Warren Buffett’s Berkshire Hathaway: its low prices. “No …
Elon Musk Says Auto Union’s Demands Would Bankrupt Big Three Carmakers
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 during a visit to a picket line at a General Motors Co. plant in suburban …