“We are looking forward to some disruptive times if I may have to add a word, in the auto sector and global players will definitely require to reposition themselves against what China is offering to them,” says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.US markets are down. Nasdaq is down 4%. Bitcoin is down. Tesla…
Now that the shine and allure of being the ‘new fad’ and government subsidies are starting to wear off – along with a marketplace full of super-saturated competition and robust supply – EVs simply aren’t selling. That was the topic of a new FT report that claims the auto industry’s shift toward EVs, once seen…
While electric vehicle (EV) sales are lagging in the U.S., contrary to the previously optimistic forecasts, Chinese EV sales are now booming. Several major Chinese automotive companies, as well as multiple start-ups, have reported record sales figures in the third quarter of the year. This trend has been widely anticipated by industry experts thanks to…