Published: Dec 31, 2025, 17:52 IST | Updated: Dec 31, 2025, 17:52 IST
After years of rapid expansion fuelled by state subsidies and aggressive price cuts, dozens of chinese EV makers now face a tough reality. Mergers, consolidation or shutdown could be the central theme for the industry in 2026. Cash is drying up, government support is fading, and only a handful of big players are still making money.