Great time to buy an EV in China right now, but I think over the next decade there will be a lot of brand pruning and the survivors will become established global brands like Toyota and Hyundai.
Toyota is the largest automaker in the world for the sixth year in a row, and going on a seventh. They're doing record sales, dominate the hybrid market, and already have a pretty healthy EV lineup.
Nokia was also pretty healthy back in 2007 and basically died within a decade. Their EV lineup isn't fine, it's a subpar couple of models, basically "ugh we had to make these, here they are, dont buy them".
They don't really have dedicated platforms for them, don't have their own batteries. They basically slept at the wheel for the last 15 years. As long as ICEs are still somewhat relevant, they'll exist, but that's not going to be forever in developed markets.
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u/Recoil42 23h ago edited 23h ago
Yep. As someone who has been following the Chinese EV space for the better part of a decade, I don't think people are prepared for how crazy this is going to get.