Which OEM will fall first?
They have know for 7 years China VI B emission standards was coming and clearly haven't done enough!
Monument mismanagement!
https://thedriven.io/2023/03/30/leg...th-unsellable-cars-as-pollution-crunch-looms/
"Potentially millions of petrol and diesel cars may about to become unsellable in China as the country implements new
vehicle emissions standards, and as EV demand booms.
China released its rule for stage 6 light-duty vehicle emissions limits in December 2016, so manufacturers have had 7 years to bring their vehicles into line.
The German and Japanese car giants are also two of the most indebted companies in the world, both
with
almost $US200 billion of debt and highly questionable valuations on their internal combustion factory assets.
An inventory glut of unsellable vehicles in the world’s largest car market is the last thing these companies need and with
ICE vehicles sales plummeting, it’s difficult to see how they will survive.
Because of Japan’s
disastrous national hydrogen strategy (largely promoted by Toyota), the nation produces a trivial number of electric vehicles and as a result its addressable market in China is vanishing before its eyes.
Chinese automakers largely shielded from the impacts of the new pollution standards because of their
early move to EVs, it’s unlikely that the Chinese government will delay its implementation."
(20min delay)