Automakers

Few Chinese EV brands to be profitable by decade's end, Alixpartners says

China Exports Arc 24
Exported China cars are pictured. (BLOOMBERG/via REUTERS)
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By:
Bloomberg
July 11, 2024 09:05 AM

Just 19 of China’s 137 current electric car brands will be profitable by the end of the decade, leaving the rest to exit the industry, consolidate or battle for a minor market share, according to consultancy Alixpartners.

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