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If they do not act in time someone else will get it.
It works somewhat similar to startup world where one raise money with compelling story, just in this case instead of VC it's govt money. Some survive and become big, but most fail. Obviously some are outright fraud.
[1] https://www.scmp.com/news/china/economy/article/1976825/chin...
> 486 EV manufacturers registered in China That's an incredible amount. I can't imagine the complexity of managing engineering a car, manufacturing, sourcing everything needed. That's a lot of very ambitious people.
It's a natural developmental stage in any emerging technology.
https://en.wikipedia.org/wiki/List_of_defunct_automobile_man...
This article seems light on numbers and high on assumptions. Plus what if the consolidation is expected? I mean during the formative days of ICE cars there were way more manufacturers than today...
There's tons of performance bike manufacturers with minimal variation. Reason is its easy - not that many parts, parts easily configured and modular, easy to build, low maintenance. Maybe EVs are similar. lower complexity than fossil engines (fewer parts and complexity moves down the supply chain). Perhaps such a large number of vehicle producers is sustainable. The real ev companies are the companies making batterie…
An interesting tidbit from this article: "One direct result of the meltdown was the Obama administration’s 2009 economic-stimulus plan, which included billions of dollars in support for U.S. clean-energy industries. That spending plan caught the attention of Beijing. And it led, in 2009, to what Ouyang describes as a “strategic discussion at high levels” in the Chinese government about how the country should proceed with its own clean-technology push. China’s State Council, the country’s top policymaking body, ultimately announced nine “strategic” industries, one of which was electric cars."
Note many of these are just forced by policies to "make" EV if they want to continue making traditional vehicles, others are just making money off of policies and subsidies, buyers are mostly forced to buy it due to license plate quotas. EVs' reputation in China is going downhill ever faster, it's been called "electric daddy". Urban area is extremely dense so it's lucky to find a place to charge where it hasn't been…
There's tons of performance bike manufacturers with minimal variation. Reason is its easy - not that many parts, parts easily configured and modular, easy to build, low maintenance. Maybe EVs are similar. lower complexity than fossil engines (fewer parts and complexity moves down the supply chain). Perhaps such a large number of vehicle producers is sustainable. The real ev companies are the companies making batterie…
> 486 EV manufacturers registered in China That's an incredible amount. I can't imagine the complexity of managing engineering a car, manufacturing, sourcing everything needed. That's a lot of very ambitious people.
There were a similar number of car manufacturers in the US in the early 1900s. Many of them were essentially assemblers, bolting together parts made by other companies; most of them didn't survive long enough to release a second model. It's a natural developmental stage in any emerging technology. https://en.wikipedia.org/wiki/List_of_defunct_automobile_man...
> 486 EV manufacturers registered in China That's an incredible amount. I can't imagine the complexity of managing engineering a car, manufacturing, sourcing everything needed. That's a lot of very ambitious people.
There's tons of performance bike manufacturers with minimal variation. Reason is its easy - not that many parts, parts easily configured and modular, easy to build, low maintenance. Maybe EVs are similar. lower complexity than fossil engines (fewer parts and complexity moves down the supply chain). Perhaps such a large number of vehicle producers is sustainable. The real ev companies are the companies making batterie…
EVs are not that much less complex: interior is the same (hundreds of parts), suspension, AC, heat, wiper blades, brakes, etc. The engine is certainly different but I don't think that lowers the overall complexity of the vehicle into "anyone can do it" territory.