JPMorgan ’s top banker predicts a resurgence of M & A deals in China ’s EV market

China’s 200-odd licensed EV producers in its US$200 billion domestic market are expected to hand over 40 per cent more vehicles – 9 million units – in 2023, the industry association estimated, after deliveries surged 114 per cent in 2022. Annual capacity in was four times the output in 2020,…#peteryu #asiapacific #jpmorgan #hongkong #byd #nio #xpeng #volkswagen #bmw #jpmorganchases

Source: Reuters: Health - August 31, 2023 Category: Consumer Health News Source Type: news