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

Viking Thumbnails

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.

Posted in

The Electric Viking

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Scroll to Top