Follow the Corpses: China’s EV Revolution Devours Its Own Children

Inside the trillion-yuan graveyard.

Ever wonder what a trillion-yuan graveyard looks like? Come and take a look at China’s automotive industry.

Western media can’t decide whether to fear or fawn over China’s electric vehicle miracle: 48 per cent market penetration; global dominance; the future!

But I’ve been following a rather different story. One measured not in soaring sales charts but in corporate obituaries.

Over 400 Chinese auto companies have vanished in five years. The survivors? They’re haemorrhaging cash at a rate that would make even Silicon Valley’s most profligate unicorns blush.