Bankruptcies and slowdown hang over China’s electric car market
EV start-ups face elimination as Beijing slams brakes on sales with subsidy cuts
https://www.ft.com/content/1ed039c8-7e14-11e9-81d2-f785092ab560
“When China opened up the passenger vehicle market, there were 500 local start ups,” said WM Motor founder Freeman Shen. “It turns out only a few of them became giants . . . Most of them went bankrupt. I think EV start-ups will follow that pattern.”
With subsidies slashed 457 EV manufacturers in China are forecast to become just 20/40, as in typical Dragon bubble bloodbath pending.
With very steep H2 sales to match, and Tesla cleared Mod3 B/O's, global EV sales may struggle to finish much over 2018:
https://insideevs.com/news/357565/ev-sales-scorecard-june-2019/
Ann: Quarterly Activities Report, page-6
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HAS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $50.63M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 27.5¢ | $19.85K | 71.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 24173 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 31964 | 2 |
View Market Depth
| Last trade - 15.43pm 27/09/2024 (20 minute delay) ? |
| HAS (ASX) Chart |