Photo Credit:Fair Use [17 U.S.C. § 107] BYD executive vice president Stella Li

BYD Predicts Mass Shutdown of Carmakers in the World’s Largest Auto Market

02 Nov 2025 | Abstracted from Indian Defence Review

BYD executive vice president Stella Li has predicted a significant consolidation and "mass shutdown" among Chinese car manufacturers. Due to an overcrowded market and fierce price wars, she suggests that only a few major domestic brands are likely to survive the next few years. This intense competition in the EV sector is leading to a major industry shakeout.

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