EV/Lithium, page-947

...Autos facing a disaster, it has only just begun.

Global automakers getting absolutely hammered in China.

Sales are tumbling. Profits have swung to losses in the hundreds of millions of $$$.

Hurting most: Ford GM VW Nissan Hyundai Kia VW, once the all powerful market leader, is reeling, tracking to lose $500 million in 2024.

Foreign automakers - for several reasons - will not be able to recover. They will leave China not with a bang but a whimper.

https://x.com/dunne_insights/status/1819044335050174851