A bleak future for China's weakest EV makers

China Evergrande New Energy Vehicle Group store — An unopened showroom for China Evergrande New Energy Vehicle Group in Shanghai. (BLOOMBERG)

DL

By:

DANNY LEE

B

By:

Bloomberg

|

October 16, 2023 01:42 PM

The future for two of China’s worst-selling electric car brands just got even bleaker.

Featured Stories

Nissan says it’s here to stay at show-and-tell, plans wave of 10 products by ’27 in ‘critical’ U.S.

Nissan says it’s here to stay at show-and-tell, plans wave of 10 products by ’27 in ‘critical’ U.S.

Nissan robotaxi contortions expose self-driving roadblocks for Japan’s automakers

Nissan robotaxi contortions expose self-driving roadblocks for Japan’s automakers

Scammers are pushing auto loan fraud to record levels

Scammers are pushing auto loan fraud to record levels

GM expanding use of regional hubs to pool inventory for dealers

GM expanding use of regional hubs to pool inventory for dealers

Latest News

Tesla emissions pool adds Honda, Suzuki to Stellantis, Toyota and Ford

Waymo robotaxis racked up $65,000 in San Francisco parking tickets last year

VW’s largest shareholder Porsche SE looking to diversify investments

Nissan says it’s here to stay at show-and-tell, plans wave of 10 products by ’27 in ‘critical’ U.S.

Staying current is easy with newsletters delivered straight to your inbox.

See More in China

Tesla halts driving-assistance software trial in China, pending approval

Xiaomi aims to raise $5.3 billion in share sale to fuel EV expansion

Nio plans more cost cuts with Q1 sales, revenue set to fall short of forecasts

Fewer than 40% of China’s car dealerships made money in 2024, trade group says

Staying current is easy with newsletters delivered straight to your inbox.