China EV Makers Having Rising Losses, Rising Costs and Intense Competition
by Brian Wang from NextBigFuture.com on (#774ZS)
China EV automakers are currently facing a double squeeze. Multiple Chinese automakers have issued earnings forecasts for the first half of the year, revealing a troubling trend. Rising costs for raw materials and components are eroding profit margins. Rising costs from upstream price hikes for materials and components are estimated to increase per-vehicle material costs ...