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Two Chinese EV Makers Announce Deal as Industry Consolidates
Original: Two of China’s EV Makers Announce a Deal as Auto Industry Moves Toward Consolidation
Two of China's electric vehicle manufacturers have announced a deal, a move widely read as part of a broader consolidation of the country's crowded auto sector. With dozens of EV makers competing amid slowing growth and price wars, analysts expect more mergers and alliances as weaker producers are squeezed out and stronger ones seek scale.
Why now: China's EV market is undergoing consolidation, and merger news signals further restructuring ahead
Evidence
- Two of China’s EV Makers Announce a Deal as Auto Industry Moves Toward Consolidation · The New York Times
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