Part 4/7:
The CEO's dismal outlook is echoed by various industry experts, including Ford's Jim Farley and analysts like Michael Dunne and Sandy Monroe. They all seem to agree that the automotive industry is gearing up for a tumultuous period ahead. The general consensus is that most current Chinese car manufacturers will not survive the coming decade, with estimates suggesting that only a handful of major players will still be operational in ten years.
He emphasized the staggering reality of the market, noting that out of hundreds of startups in China, less than 50 actively sell cars today. His prediction suggests that about seven major manufacturers could endure the predatory market conditions ahead. Speculations point to companies like BYD and Tesla likely being among those survivors.