5 of China’s 91 EV makers go bankrupt with 1 losing $17 million per car sold



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In a notable development, WM Motor, one of China’s prominent electric vehicle manufacturers, has filed for bankruptcy. Simultaneously, Evergrande NEV has reported staggering losses, equivalent to a substantial $17 million for each vehicle sold. These instances underscore the significant challenges faced by certain Chinese EV manufacturers grappling with issues related to market penetration.






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