Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "100,000 EVs Suddenly Turn To JUNK! China’s No.2 EV Company Goes Bankrupt! China’s EVs Have No Future" video.

  1. 🔴 Walt Meisterautomobile Technology Group, a once-sensation in the automotive world, is on the brink of bankruptcy due to issues with their new energy vehicles' official systems. 00:06 Numerous owners reported malfunctions with the car's official systems and backend services. The collapse of EV companies poses a challenge for car owners as their vehicles may not function at all. China's new energy vehicle industry is declining and coming to an end. 🔥 Weltmeister, an automobile company, is facing financial difficulties, unpaid salary issues, and criticism over vehicle quality, with reports of cars catching fire in various locations. 03:40 Weltmeister employees protested unpaid wages at their factory in February. Multiple instances of Weltmeister cars catching fire have been reported, raising safety concerns. Videos captured incidents of Weltmeister cars emitting smoke and bursting into flames. 🚗 Many car dealers in China have collapsed, leaving car owners struggling to find representatives to address their concerns. 07:21 Over 40 car brands have officially exited the Chinese market in the last 5 years. Chinese government regulations mandate manufacturers to ensure a 10-year part supply after exiting the market, but enforcing this requirement remains challenging. Sales of other mainland automakers have also seen significant drops since October. 📉 Beijing Hyundai's Chongqing plant is being sold at a reduced price due to plummeting sales. 10:47 The Chongqing plant was first listed for sale on August 11th with a base price of 3.68 billion yen. The base price was later reduced by 1.1 billion yen to 2.58 billion yen. The reduced price is equivalent to a third of the total investment when the plant was built. 📉 Several Chinese automobile companies have declared bankruptcy due to financial issues and contract disputes. 14:44 Leton automobile, a high-end independently developed electric vehicle brand, declared bankruptcy after being involved in numerous civil cases. Foten Motor Company declared the bankruptcy of Borgard Group, a Chinese German concern. GAC Fiat Chrysler automobiles company applied for bankruptcy in Changsha, Hunan Province, and will exit the Chinese market.
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