China’s electric-vehicle market is impressive. That’s pretty well established by now; I’ve been to China several times, driven quite a few cars from different brands, and walked each time away gobsmacked by just how far ahead the country is compared to the rest of the world.
And there are so many models to choose from. I can’t imagine how exactly these brands survive—every other day it seems like a new model or new brand comes out, vying for the attention of what is a limited number of Chinese consumers.
Evidently, I’m not the only one who thinks so. This week, several Chinese regulators and politicians, including President Xi Jinping himself, have called for the industry to put the brakes on some of its investments and reconsider just how they're doing business.
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