China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the country's upstarts are remaining bullish.
"I think the general macro environment in sort of trade as well as in EV sector in general, the public company trading performance ... has not been stellar. That has a ... effect, I think, on investment sentiment," Xpeng's Gu said.
Automobility's Russo said that costs incurred by electric auto companies will rise given that they will continue to release new models, increase production, open showrooms and build infrastructure. That could lead to the race between these automakers being all about stamina.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
UnionPay is pursuing Italy as part of its plans to diversify outside of ChinaChinese state-affiliated card network UnionPay is partnering with Italian acquirer Nexi to boost its acceptance network in Italy:
Consulte Mais informação »
Tariffs hurt the economy, but China must be held accountable, Union Pacific CEO saysUnion Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.
Consulte Mais informação »
Pakistani police target traffickers selling brides to China“I bought you”: A Pakistani woman tells of how she was sold into marriage, taken to China and forced into prostitution, as Pakistan tries to confront trafficking networks preying on the poor.
Consulte Mais informação »
Rescue efforts underway after China quake kills at least 12BEIJING (AP) — Rescue efforts are underway after an earthquake in southwestern China that has left 12 people dead and 134 others injured. The Yibin city press office said on its social media...
Consulte Mais informação »
Hong Kong’s ‘Where the Wind Blows’ Sidesteps Protests For China PromoHong Kong film director Philip Yung and his cast were in Shanghai on Monday to promote their upcoming film “Where the Wind Blows.” They revealed new details while cautiously sidestepping — for the …
Consulte Mais informação »