CHINA Electric Vehicle Disaster as Sales Growth & Prices Fall, USA 100% Tariff & Competition Soars

Video Summary

In recent years, the electric vehicle (EV) market has been growing rapidly, with many new players entering the market. One such example is Zer, a Chinese electric vehicle manufacturer that has just listed in the US, raising $440 million in its initial public offering (IPO). This is unusual, as Zer’s sales are currently limited to China, and the company has not even announced any plans to expand to other regions. This raises questions about why Zer chose to list in the US rather than in its home market.

This move may be linked to the electric vehicle market’s struggles, with the share price of many established players, such as Tesla, significantly decreased over the past 12 months. Range anxiety, a lack of charging infrastructure, and concerns about battery durability are among the issues that are holding back mainstream adoption of electric vehicles.

Tesla, the world’s largest EV manufacturer, has seen its share price drop over 40% in the past year, and other players in the sector, such as Rivian and Lucid, have also seen their share prices plummet. The lack of infrastructure, including charging points and maintenance facilities, is a significant obstacle to widespread adoption of electric vehicles.

In conclusion, the electric vehicle market is facing numerous challenges, and the recent IPO of Zer is part of a larger trend of decreasing investor confidence in the sector. While many believe that electric vehicles are the future of transportation, the infrastructure and logistical issues must be addressed before the market can reach its full potential.

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