

The Chinese EV industry is overdue for consolidation. There are too many players chasing too few customers. This could be done in a relatively orderly fashion that leaves a few big players that are internationally competitive. Or they can keep kicking the can down the road and hope for the best, until the inevitable collapse. Gee, I wonder which option they’ll choose.
This sort of thing has always been standard practice in the automotive industry. The point is, this won’t work to paper over the cracks in China with their massive oversupply.