350,000 VW EVs built and stashed in fields.
Bleeding Billions in Red Ink.
192 Billion US Dollars in Debt.
China’s abandoned EVS.
Looks at the waste.
https://www.bloomberg.com/features/2023-china-ev-graveyards/
“produced by Changan, Zhejiang Geely Holding Group Co. and Dongfeng Motor Group Co., Nissan Motor Co.’s joint-venture partner in China”
“car-sharing service called Panda, backed by Chongqing Lifan Auto Co., folded and Lifan Auto itself filed for bankruptcy in 2020. It was acquired by Geely a year later. A brand of EVs called Maple, made by a joint venture between Geely and Lifan, was spotted at one of the sites Bloomberg News visited”
h/t JustmeTX