Transportation
Fewer Than 20 Chinese EV Brands to Be Profitable by Decade’s End
By the end of 2030, Chinese automakers are set to held 33% of the global auto market, and 45% of new-energy vehicle sales.
Photographer: Liesa Johannssen/BloombergJust 19 of China’s 137 current electric car brands will be profitable by the end of the decade, leaving the rest to exit the industry, consolidate or battle for a minor market share, according to consultancy Alixpartners.
A price war that has been running for almost two years has pressured margins at some Chinese EV makers, and could continue as dominate players like BYD Co. and Tesla Inc. seek to consolidate their dominant positions.