Bankruptcy wave for electric cars – only Tesla and BYD remain

Electric car maker Fisker is on the brink of bankruptcy for the second time in its history. Many other manufacturers are threatened with a similar fate. For many, losses are only increasing, with sales figures stagnating or even declining.

The weakness of the competition is hurting the two biggest sellers of electric cars, Tesla and BYD. They ruthlessly exploit their huge cost advantages and force competitors out of the market with constant price cuts – or even bankruptcy.

Want to go back to the combustion engine?

While pure electric car sellers have no choice and must engage in a price war or lose market share, conventional car manufacturers are increasingly relying on combustion engines or plug-in hybrids. This means that margins can be improved in the short term, but in the long term they risk losing market share in key automotive markets.

China is setting the pace

New figures show that the market for electric cars will continue to grow in 2024, especially in China, the world’s largest car market. There will likely be months this year where every second car sold in China will be an electric car or plug-in hybrid.

What exactly do hydrogen and lithium do?

You can find out how the electric car market will continue to develop, which manufacturers are at risk and how the position of Tesla and BYD is in the new one. The TV version of maydornsmeinung. In addition, it covers the latest figures from Nel, which are encouraging, and about the significant difference between performance development and price development in lithium explorer Li-FT Power.