Precambrian explosion of Chinese electric car startups has predictable outcome

[Laconian]

Time for the culling phase.

https://www.bloomberg.com/opinion/articles/2019-03-20/quality-issues-plague-china-s-electric-car-industry

"True, as with any new technology, teething problems are to be expected. But China's government-sponsored largesse and highly protected market have clearly exacerbated the problem. By one estimate, there are "as many as 500" NEV startups in China, most of which have little to no experience in making or marketing automobiles.

Often this fuels a race to the bottom, as companies see cutting corners and costs as the only way to stay afloat. Restrictions on imported cars, which might otherwise offer some competition, leave the low-end market to cutthroat Chinese rivals."

[12,000 RPM]

Gyna Gyna Gyna, what are we gonna do with you