Part 4/8:
It was pointed out that the Chinese automotive landscape is crowded with over 90 electric vehicle brands, a situation that cannot be sustained indefinitely. Predictions indicate that a reduction to around 20 manufacturers would be more viable, as the market is destined for consolidation. Major automakers like Nissan and Volkswagen are currently facing significant financial distress; they must strategically navigate these challenges or risk falling behind in an increasingly competitive environment.