Part 5/7:
The struggles of automotive giants like Toyota and GM were starkly laid bare in discussions. Toyota's lackluster performance in the electric vehicle (EV) market, coupled with dwindling hydrogen vehicle sales, signaled a desperate need for the company to pivot toward all-electric vehicles. As they lag behind global trends, the message from consumers is clear: there is little appetite for hydrogen technology.
Meanwhile, GM is facing catastrophic revenue losses in China, indicating a trend of legacy automakers being pushed from the market by more agile competitors. The shift towards electric vehicles is accelerating, further complicating the situation for these long-established companies.