BYD, the world’s top EV maker, has issued a stark warning: over 100 electric vehicle brands in China must be “pushed out” of the market. Speaking at a major auto show, BYD’s VP Stella Li said China’s overcrowded EV sector is unsustainable. With just 10% of the 129 EV brands expected to survive by 2030, price wars and shrinking margins have gripped the industry. State subsidies fueled the boom—but also built a bubble. As Chinese EVs face foreign tariffs, BYD plans to build in Europe. But will global expansion save China’s struggling EV sector? Here’s the full story.
