Chinese EV Makers Are Going BANKRUPT in HUGE Numbers! 

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They are not cars, they are mobile phones on wheels !

The number of active automobile manufacturers dropped from 253 in 1908 to only 44 in 1929.

Make yourself a list of all the personal computer makers that went bankrupt from 1985 to 2000 and you'll understand that a wave of EV-maker bankruptcies is totally predictable in a market with far too many producers - and a sign of maturation of the industry.

All these people working in these assembly plants are European I don't see one Chinese person ???

How could people be Stupid enough to buy EVs!

Cuban people keep 1950s cars running.

the strong ones emerge, the weak ones fail.

We have ICE cars. Keep them simple, affordable and reliable and things will be just fine. "If it ain't broken, don't fix it!"

17 million per vehicle- wow- that's a lot!!😂😂

Outside of niche markets, when has it been feasible to have lots of car manufacturers? Why would mass market EVs be any different? This sound like normal econ 101 stuff. Lots of manufacturers are competing forcing market prices down towards the lowest possible cost. Companies with higher costs than the market price are going out of business. Significant cost advantages to volume producers No real demand for extensively customized products over decent quality products with some options. End result is consolidation to a few big players. The same thing happened to manufacturing gas powered vehicles in the US one hundred years ago.

The EV Bubble has burst, people have seen the reality and do not want these vehicles!

The first EVs were made back in the middle-1800s. If electric vehicles were a practical thing, they'd be mainstream and would have been for decades. They aren't, and won't be.. for a multitude of reasons, and no amount of wishful/delusional thinking will change that.

But its all crap and badly made

Good, it can't happen soon enough, EV's are trash.

Chinese EV companys payed 　　　　　　　 great effort to establish EV market. However, I must say it was the reckless challenge from the begining. EV is just an alternative, and EV does not reduce co2 at all. In the first place, EV has the a lot of issues such as electricity shortage in winter, very long charging duration, deterioration of batteries you already experienced in smart phones, no repairbility in the car accident, explosion risk of batteries. More over, EV has to charge the electricity from power plant. The power plant burns oil to boil water and turns a turbine to generate electricity so that EV ingects more co2 rather than ICE cars. Howcome, people is believing EV is good for environment? I do not understand.

Please learn the lesson EVs are not the future and that is why there failing.

There is one thing that everyone forgot... The American people have alwys been in love with the automobile, and are still in love with it, But not without the sound of an gasoline engine, and all it economy, freedom, andf fun...It would be easier to think you could talk them into a root canel with No pain deadening....

EV's..a load of electric softwear crap..! Pipe smokin dream.

Sorry but you have over complicated the EV situation. Yes, the Chinese Government (for a variety of reasons) decided that they wanted to transition away from ICE cars (internal combustion engine) to EV's (Electric Vehicles) They created a new category called NEV's (new energy vehicles) that included both EV's and various forms of Hybrids (ICE cars with small EV motors and batteries). They then promoted all this via large subsidies. Some direct cash, some tax incentives, some payments securing Bank loans and land/plant purchases. This program was meant to go for 8 years (I think) but got extended to 10 years and FINISHED in 2022. Since then, the BEV industry in China has been essentially left to their own abilities. They either sink or swim. Those that haven't managed to get up to "making a profit" are destined to fail. From around 90 SERIOUS NEV companies, the number will probably drop to around 25, long term. EG The whole battery swap proposal by NIO had been funded by the Chinese Govt. The future depended on NIO convincing other Car makers to also go with battery swaps. However, even though Tesla, BMW, Daimler/Mercedes and others all explored the possibility, they decided NO! So, the whole building of hundreds of Battery Swap stations was left to NIO. Obviously destined to fail due to the huge cost. (Also different battery types and therefore the need for multiple hundreds of different battery packs required at Swap stations. It just isn't economically viable.) The ones that survive will be the ones that have reached economies of scale in the specific markets they operate. Long-term, it will be the ones who are able to export to European and North American markets rather than confine themselves to China. Note: I have watched this as an Analysist since Tesla first mooted to build a factory in China. Cheers.

So all those poor children died for nothing in the cobalt mines. Great.

EVs at best is a niche market and without government subsidies sales will drop dramatically.

I wouldn't wear a watch made in China, let alone drive a car from there. Name one thing made in China that is superior to a thing of the same nature made elsewhere?!

theres one BIG problem with keeping them affordable with the latest tech nobody needs.that is they overlook their very high chances of bursting into unextinguishable flames & burn for many hours WITHOUT WARNING. so in the end THERE IS NO POINT IN BUILDING CHEAP SH•T JUNK.

EV’s… 🔥🔥🔥🔥🔥🤣🤣🤣🤣🤣

To anyone that studied this EV industry closely, none of this is a surprise, the lithium tech is NOT ready for prime time, it may never be, with too large a gap between Evs and ICE cars. The whole world are waiting for a tech break through in energy storage, for many applications. So EVs and even electric planes are just for those involved to get extra brownie points on conservation. Ultimately, it will be the insurance that will kill the EVs, we do not need another "internal combustion" car, one that would not survive a small crash and is actually more dirty than the old ICE cars once you factor in life cycle costs.

It sounds like the companies that made out are the ones who sold manufacturing equipment (existing designs) to the 500 companies trying to become automobile manufacturers. All those stamping machines, multi-axis milling machines, welding and assembly robots, paint booths, paint spraying, and air filtration equipment, aitomated assembly line equipment, etc., etc.

you say a new market in a new market country made lots of companies, and when the market gets a bit normalized, the many producers gets reduced to the few that actually managed to make good products in reasonable prices? never guessed that it will happen with this market, that happened with every single one before.

Hello from Australia. Will regret 😢 if you buy a Chinese car. Invest your money wisely.

but the rest of EV makers get even much stronger.

It’s from China 🇨🇳

Numerous car companies have gone bankrupt in US car history. Only a few big ones survived. Completely normal.

If the Chinese EV makers are going bankrupt, it's not because demand has fallen - It's growing - it's because they are too many. Technically speaking, the electric cars (EVs) are clearly superior to the Internal Combustion Engine (ICE) Cars. 1. EVs are simpler to make: Tesla, for instance, has reduced the number of pieces for the front part of the vehicle from 70 pieces to only one. (It’s the same thing for the rear part of its vehicles.) 2. Tesla, BYD and Volvo demonstrated that it was possible to produce profitable EVs; something legacy producers like GM or Toyota are unable to do. That’s why some companies stopped producing them. 3. The price of EVs is falling rapidly due to the rapidly falling price of their batteries (- 30% in 2023). 4. No cobalt or nickel are used to produce the most modern EVs. 5. EVs pollute much less than ICE cars, especially when they move. 6. EVs are more stable on roads because their heavy batteries are located at the bottom of the car. 7. EVS protect better their occupants when there is a collision due to the rigidity of their battery packs. 8. There are fewer than ten (10) moving parts in an EV engine compared to more than a thousand in an ICE car. 9. EVs accelerate more rapidly than ICE cars when their drivers try to overtake other cars. 10. The brakes on an EV last much longer due to their regenerative braking system. 11. The dashboard of an EV is much simpler to produce since almost all the controls are on the on-board computer. 12. There are almost no liquids in an EV (windshield washing fluid, battery fluid.) 13. EVs are roomier than ICE cars because their engines are much smaller. 14. Most technical problems on an EV can be solved ¨over the air¨ without having to go to a dealer. 15. EVs don’t need to go to the dealer for regular maintenance. 16. Everybody can buy an EV on the Internet without having to go to a dealer. 17. Recharging an EV is 80% cheaper than filling the tank of an ICE car. 18. Nowadays, there are multiple ways to produce electricity. (N.B. In 2023, solar panels are the cheapest way to produce electricity). 19. Nowadays, charging stations are everywhere while the number of gas stations is decreasing. 20. Contrary to ICE cars, EVs can be recharged at home. 21. EV owners say they have no problem with the autonomy of their vehicle. 22. If EVs explode from time to time, 200,000 ICE cars explode every year in USA. 23. Etc.

And now ford is smelling the coffee

From the UK, I love to see people buying cars from China, they think they are getting a good deal,what they dont see is the 60% depreceation in the first year

Musk had the best idea, put EV's in orbit around the sun. ALL of them.

Then why China / BYD are selling their EV near the price of Tesla all over Europe especially Far eastern Asia and even out sell Tesla? Maybe you are some of those people who are "an electric car hater" ?

What future has your EV got if the manufacturer goes broke ?

if it is a private company this is how freedom works. there is no guarantee of success. we have too much government interference so it is messier than it needs to be, but in the end the best ideas and implementation will rise to the top of the heap. If you ,like me , are a ‘little guy’, stay away from the bleeding edge of new technology - but we don’t want to stop innovation

NIO will survive and be profitable from its battery swap technology

In the 1920, there were over 2000 auto makers in US. The 1929 recession knocked off most and left 99. Then shrank to 44 in the 1940s. By 1970, there were 4, now we have 2 and 1/2, the latter actually belongs to Italy. For the past 3 years, the remaining 2 survive because of their sales in China.

Ya the great cash well dried up , bankrupt

Nonsense, China EVs is killing all those American EVs brand like Ford, GM.....etc. Just look at the sales figures for all Amercian brands in America, all those American brands are falling apart.

Good news 😅

This is why (and I think even the Chinese government may encourage this) the only surviving EV automakers in China will be BYD, Geely and possibly Chery.

Another reason not to buy a chinese car. Maybe you will get no service after some years because of bankruptcy. 500 automakers, what a mess. Even 90 is an extreme number.

All these people showing criminal or anti-social behavior is the result of years and years of soft policies, easy on crime, defunding the police, woke companies firing their employees for trying to prevent theft, people being prosecuted for defending their own possessions etc. . “Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.” . We're in the good times now where weak politicians don't have the courage or backbone to stand up for common sense and justice. And if one of them does stand up he's immediately called a racist, nazi, bigot, you name it.

The market has no mercy with unwanted procducts or unreliable vehicles.

The solution is: Keep it Simple. Way to Much Tech, way too Many Bells and Whistles. Make it Affordable instead.

Great News! CCP will see Gods judgement

NO tears here, remember people the old saying "if it sounds too good its a scam" and thats exactly what EV's are !

There has been a spike in the import of cheap and good Made-In-China EVs into ASEAN countries. The slack in the European market is taken up by South East Asian countries.

Foreign fireballs

Envy...jealousy....hatred!

Greed, corruption, government control, keep going😂🎉 Copy and Paste, hacking, patent violations.

5 years from now there will be a glut of used EVs that no one will want to buy.

Its the same in every industry... Best example being PV, Solar

Many westerns become hating and bad words on EV just because chinese can produce EV better than they expected.

new energy ! what a load of shit we have all heard of batteries before. there is nothing new about it

So what. It is part and parcel of strat up companies. Let the weak ones bankrupt, the strong one will strive.

Never heard of any of them ... sounds like 1000s of illicitly crypto coins.

The up take on EVs around the world are beating expectations. Go cry about it petrol heads 😅

there is only one thing you need to know. The Chinese are not European and their descents.

Curious, why the photos of the laborers none are Aisin! What BS is this?

It's simple. They have no clue on how capitalism actually works. The world demands 5 ev cars, but the chinese made a million of them. Go figure.

What can owners of cars of the 410 EV companies, going bankrupt, do with their cars? These cars are good as long as they drive. No spare parts. End of the story. Think about that, before you buy a chinese car.

A stupid idea is a stupid idea, no matter how governments want to implement it!

Inaccurate. China has scores of EV makers. Some are destined to fail as they fail to gain market share. So that would be an accurate portrayal of the situation. BYD is actually the largest EV maker in the world. This is because they make every vehicle possible as an EV: trucks, buses, SUV's, sedans, coupes, 18 wheelers etc. Warren Buffett holds a major stake in the company and has done very very well by it. That would be an accurate portrayal. The simple reality is internal combustion demand is still strong in larger geography countries and weakening in smaller countries and for a sub-segment of the market. As the battery tech evolves and charging stations proliferate it will continue to expand. It is more efficient, far cheaper to operate and maintain (they will go 1M miles with ease) and much much cheaper to build having fewer parts. While Detroit is raising ICE prices Tesla is dropping EV prices as its supply chain becomes multisource and global. Now lets get very real - because we are adults. Climate Change is not a lie - it is real and the impacts are existentially serious. As a species we are adapted to survive on a planet that behaves a specific way climatically. No money will fix the planet. If extreme climate continues to become more frequent (an avalanche effect vs slow change) we will have crop failures, flooding, droughts, freezes and endless summers at an unrecoverable rate. This will produce more human conflicts and mass migrations. So embrace EVs as a way to tap the brakes.

The ccp are the most genius for economics

You have $5.3 billion to invest in making a new vehicle? You get one white chip.

I love how they keep saying the market is too competitive that's capitalism and it's grown every other market to massive proportions why won't it work with the EVS oh that's because they're way too expensive for the general population and that's just a firm fact

Very happy to see the EV failure i knew it was going to happen !!😄😂

Despite a strong position in its home market of China, BYD doesn't sell in the US, where its vehicles would face a 27.5% import tariff and other hurdles.

Same in the west... even tesla needs carbon credit schemes and tax rebates for its vehicles to be profitable

That's OK 👍 Australia 🇦🇺 is going broke buying wind turbines and solar panels off them 😊

ICE is the future. We just need to keep drilling for oil. Drill, baby drill! 😂😅😊😂😅😊

Chinese house building is in crisis. So does that mean we stop living in houses?

...And another thread is about how Chinese EV producers are about to dominate the market....

This is what happens when governments and corporations call the shots. No pity left!!!

No I don't want one... I don't even want to buy any more lithium batteries unless I absolutely have too!.... Way too dangerous for the world....

more importantly , looks like all those "rare" mineral stocks are about to be devalued....

EV's are a niche market. There will never likely be enough infrastructure to support a large amount of them. Unless the technology for batteries can improve vastly and in a hurry, they will only be a few percent of the market for automobiles.

US and European EV divisions and companies are experiencing the same. No GM and Ford isn't going bankrupt...but their EV divisions are. VW EV division is struggling. Rivian teeters on bankruptcy constantly. There are about 20 tiny EV startups a year that never make it out of prototype ...or far past the ceremonial ground breaking. Most of this is to chase government grant money or subsidies....as soon as that runs out or gets complicated (new rules) the founders clise their Music Man case and hop the next train out of town.

Gee, if only we've waited till EVs are alot more practical for the average consumer before investing billions into making them

EVs are not collapsing inside China.

why would anybody want to start a ev company, lemonade stands make more money

The battery fails after 6 years and costs more to replace $10k. No wonder people don't want rhem

OH dear how sad never mind,

EV is crap, doesn't matter where it comes from.

Regardless of what the batter manufacturers do, a battery pack that discharges its entire load in an accident and is a bomb. You don't pack as much energy as required for a specified 300 miles and avoid the potential at least as much as a tank of gas. Gasoline requires a stoichiometric mixture of air and fuel to have a maximum affect. EVs don't.

I think at the end max 15 to 20 can survive others either merge that is the best way forward or they will close down 😮

This sounds like a typical ‘framing’ job about e.v.’s. From the beginning of the gas powered car, there was almost a hundred gas car companies that no longer exist. It happens in every new manufacturing industry. Framing, platforming, agendas……..blah, blah, blah.

A loss of $17 million for every car sold? You need to explain that. (Likely BS)

Regardless of it being China or anywhere else, I can't see EV's being a viable choice for the average driver. They cost more than a gas powered vehicle, have less range, cost more to own, and the pending battery replacement will either shorten its life or end it depending on cost or the willingness of the owner to all but pay half the value of that car again when the time comes. Its a double edge sword, EV's are best for those you drive less, or shorter distances, they're best for those who own a home and have the ability to have their own charging station, yet the prospect of having to replace the batteries after what may turnout to be very few miles over a longer period of time make them 100 times more expensive to own even without the prospect of being at the mercy of road side chargers. When my gas vehicle need fuel, its a 5 minute stop at the gas station, if I drove an EV, I'd be looking at a two to eight hour charge time, and still likely wouldn't have a 'full' battery. After driving one on a 550 mile round trip, and realizing that its impossible to find the proper, or matching charging stations to effectively charge the battery without simply stopping and waiting around for your car to charge, or the fact that it added half a day to the trip and the vehicle still barely made it home, early completely dead. Worse yet, the fees charged by some independent chargers is criminal, one charge at an unbranded charge station, which refused to charge at the max rate, charged $35 for two hours on charge which only resulted in a 22% charge. I could have made the same trip in my gas powered, 25 year old luxury car on one tank of gas in one day, never having to stop for fuel or wait around for no good reason. At the very least, I could have easily topped off the tank at any point in minutes for less than all the charging station costs, and certainly without the enormous sticker price of an EV. Until we have EV's that can produce their own power, or can recharge as fast as we can refill a fuel tank, they are simply not an option. They would in no way be an option for someone who does not have access to a charger at night. For those who live in an apartment, or rent anywhere that does not have a full power charger, your at the mercy of random charging stations and long waits.

The chinese are using coal fired power stations, which are alleged to be bad charge the electric cars, which are claimed to be good.

Meanwhile there are reports that BYD will be the next Tesla. So confusing

Evergrande's EV business going bankrupt isn't "shocking"

Based on relative populations and using the US as a full fledged market, China will have to pare down to around 10 to 15 companies at most, meaning another 65-75 companies have to go... US matured over a 50 year period... so China should get there in another few years everything being equal...

someone said that EVs is the solution to a problem that doesn't exist

The biggest loss in all of this tech this and tech that is jobs. Robots don't buy anything and do not pay taxes. Take their EX taxi vehicle. The person that did have that job bought what and paid how much in taxes. Then. Most taxi drivers give key types on locations of different businesses to go and visit. Will the AI do as such. My guess. People will get into the AI taxi and lose interest. Sit there with their mouth shut and never learn of other places to go to spend money. People do it today in a crowd of people. By only looking at their cellphone. That will lead to people not knowing how to you their month for communication. Being 50 of age. As a teen. I couldn't wait for technology. Now. What a nightmare. It all can go away and it wouldn't hurt my feelings.