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Last Chang
Bloomberg Television
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Comments by "Last Chang" (@lastChang) on "Rivian Slashes Production Targets" video.
Despite heavily subsidized by its government, most 🇨🇳 Chinese EV manufacturers reported loss last year. Many went out of business. - There were 500 electric car makers in China in 2019, last year less than 100, and now few left, a drop rate of over 50% a year. With pushback from countries around the world with hefty tariffs, China may have no EV manufacturers left after a few years from now.
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