New rules threaten to wipe out 90% of China's 200-plus e-car startups
Stricter tech standards, potential cap on firms come as the country grapples with overcapacity, high inventories
Tue, Aug 30, 2016 - 5:50 AM
Many Chinese companies lack the technical know-how to make electric or hybrid cars that measure up to those from Tesla Motors or General Motors.
CHINA'S electric-vehicle (EV) industry, with 200-plus companies backed by a raft of billionaires, is on the verge of a massive shakeout as the government imposes stricter technology standards on fledgling manufacturers and considers limiting their number to only 10.