The $18 Billion Electric-Car Bubble at Risk of Bursting in China
(From Bloomberg)“There is still huge room out there in the new-energy vehicle market with China’s relatively low vehicle-penetration rate,” said Cui Dongshu, secretary-general of the China Passenger Car Association, an industry group. “Yet that market is for the competitive players, not the weakest ones, and the latter will be squeezed out.”
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2019/04/the-18-billion-electric-car-bubble-at-risk-of-bursting-in-china/
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