From The Electric Viking.
The truth about China’s car industry: they’re losing billions & the West has no idea
China’s auto industry is experiencing intense price wars, shrinking profit margins, and heavy financial losses as manufacturers compete for market share. Despite record EV sales and rapid innovation, many automakers are sacrificing profitability to expand, revealing a far more complex picture than the industry’s global success suggests.
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👇Reference to the news/charts & videos used in this video:
Rising raw material costs drag down China automakers’ profits
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