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Eight Out of 10 of China's NEV Brands Will Disappear by 2030 as Market Consolidates, Report Predicts

12 Jul 2024 | Abstracted from Caixing Global

"The number of Chinese NEV brands will fall from the 137 that exist now to only 19 in just seven years, according to AlixPartners' annual Global Automotive Market Outlook...To survive, an NEV brand needs minimum annual sales of 400,000 pure electric vehicles or 200,000 plug-in hybrid electric vehicles. In 2023, the average annual sales of China's NEV brands stood at only 156,000 units." [NOTE: Limited Access].

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