400 Chinese EV companies ceased operations between 2018 – 2025, only a few will dominate towards 2030
China’s EV startup explosion was fuelled by generous subsidies, tax breaks, and easy access to local production licenses between 2015 and 2019. According to the International Energy Agency (IEA), this led to an overcrowded market of more than 500 ventures, many lacking core technology, supply chains, or scale. From 2020 onwards, the Chinese government began…