Reuters (April 22)
“The burning question facing China’s EV industry… is how and when it can convert explosive sales of ground-breaking vehicles into sustainable profits. The intense competition driving the sector’s innovation has also made China a market with precious few winners, foreign or domestic.” Approximately 170 domestic and automakers are competing in China, “but only 14 have a market share higher than 2%.” In 2024, excluding hybrids there were 327 EV models produced by 86 brands. Ultimately, there will be “few survivors from China’s hypercompetitive EV industry.”
Tags: Automakers, China, Competition, Domestic, EV industry, EVs, Explosive sales, Foreign, Ground-breaking, Hybrids, Hypercompetitive, Innovation, Market share, Survivors, Sustainable profits, Winners
Japan Times (April 17)
“The indiscriminate nature of the destruction saw some houses reduced to piles of rubble and smashed roof tiles while neighboring homes were left standing.” Amid the ruins in Kumamoto, the search for survivors races on, hampered by the destruction of multiple quakes and inclement weather.
Tags: Destruction, Indiscriminate, Kumamoto, Quakes, Rubble, Ruins, Search, Survivors, Weather
