You are here

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

BT_20160830_CPWIPE30_2465164.jpg
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.

Beijing

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.

Any...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes