Electric vehicles facing struggles worldwide

Mallen Baker: Faultlines

We know the story - China is dominating the EV industry with its remarkable and cheap cars which the Western bloated manufacturers simply can't compete with. But of course, there's a lot more going on than that. In China, most of those companies are losing money hand over fist, trying to get enough market share so they can be one of the handful left still standing at the end. In the West, setbacks abound. Northvolt, the EU battery maker went bust. The UK is rowing back on its targets for mandated EV takeover. It's all looking a bit lively - let's discuss.