Chinese EV makers have not had a great year so far in New York and Hong Kong as the government warns there are too many players in the market. Photo: AP
Chinese EV makers have not had a great year so far in New York and Hong Kong as the government warns there are too many players in the market. Photo: AP

China’s warning about an overcrowded EV market to strengthen first movers, squeeze out fringe players

  • China has too many EV companies, many of them small and scattered across the country, Beijing said this month
  • Well capitalised industry first movers to benefit from any industry shake-out, analyst says

Chinese EV makers have not had a great year so far in New York and Hong Kong as the government warns there are too many players in the market. Photo: AP
Chinese EV makers have not had a great year so far in New York and Hong Kong as the government warns there are too many players in the market. Photo: AP
READ FULL ARTICLE