Only 15 electric vehicle brands in China will be financially viable by 2030, AlixPartners says
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8 Articles
Only 15 electric vehicle brands in China will be financially viable by 2030, AlixPartners says
Only 15 out of the 129 brands that currently sell electric vehicles and plug-in hybrids in China will be financially viable by 2030, as intense competition forces consolidation and some to exit the market, consultancy AlixPartners said on Thursday.
Less than 10% of electric vehicle brands in China are expected to be profitable in the next five years, according to a report by AlixPartners, as the country's electric vehicle industry faces a price war.
Only 15 of the 129 brands that currently sell plug-in electric and hybrid vehicles in China will be financially viable by 2030, as intense competition forces consolidation and some leave the market, said consultant AlixPartners on Thursday. These 15 brands are expected to represent about 75% of the market [...]
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