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BYD COMPANY's Li Ke Foresees Industry Shakeout to Eliminate ~100 CN Automakers
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BYD COMPANY (01211.HK) Executive Vice President Li Ke said at the auto show in Munich that China's new energy vehicle industry is experiencing a major reshuffle, according to Chinese media reports. With the government cracking down on irrational competition, Li forecasted that about 100 carmakers might be forced out of the market. Li based his estimate on the fact that there are currently too many carmakers in China, and those lacking competitiveness will struggle to survive once the price war subsides. AAStocks Financial News |
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