Chinese EV startup WM Motor files for bankruptcy
(www.channelnewsasia.com)
from fne8w2ah@lemmy.world to world@lemmy.world on 10 Oct 2023 19:23
https://lemmy.world/post/6613308
from fne8w2ah@lemmy.world to world@lemmy.world on 10 Oct 2023 19:23
https://lemmy.world/post/6613308
#world
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I have a sneaking suspicion that there are more than a few Chinese EV companies with flimsy finances or finances that are propped up by the state. The growth of the Chinese auto industry just stinks of artificial growth through government patronage to me.