"NIO, Li Xiang, Xiao Peng, Weima, Jihu, Aion, Nezha, Hengchi..."
Lu Liang carefully counted, there had been 28 new energy car brands established in the past two years, and countless others were still watching and waiting.
He predicted that next year the number could surpass 40, but according to the industry's 90/10 rule, only about 8 of those 40 would survive in the end.
Just like the early days of mobile phone brands, such as Jinli, Tianyu, Coolpad, Lan Mo, etc., some were acquired, while others went bankrupt.
The car circle was even more brutal because the foundation of brands like BBA was still very solid, and BYD and Tesla would take up at least two spots.
Thus, of the 40 Chinese car brands, only five or six might remain, a testament to natural selection in its fullest expression.
"If the new car is launched, it must make a big impact to avoid quick iterations and getting dragged into the fray."
