Part 8/10:
The overall picture suggests that China's EV industry, akin to the recent real estate crisis, might be on the verge of a major collapse. Fake sales figures, overproduction, and compromised quality threaten to erode consumer confidence and investor trust. As industry insiders and former employees warn, the system is built on fragile foundations that could quickly crumble if regulatory or market forces shift.
If the Chinese authorities fail to address these issues transparently, the industry risks facing a total bust—similar to what occurred with Evergrande—leaving millions of investors and consumers in the lurch.