Photo Credit:Fair Use [17 U.S.C. § 107] BYD Dolphin/Seal price in China below equivalent of $10,000.

China's Cheap EV Dominance Is On The Verge Of Imploding

07 Aug 2025 | Abstracted from CarBuzz

China's dominance in cheap EVs is built on a fragile foundation. An unsustainable price war among 100+ brands, fueled by now-expiring government subsidies, has made most automakers unprofitable. Experts predict a market "implosion," leading to mass bankruptcies and consolidation. While consumers currently benefit from low prices, a massive industry shakeout is expected, leaving only a few strong players standing.

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