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China Car Industry in Deep Trouble - Joe Blogs
In this video I discuss the ongoing intense price war in the Chinese car industry, the rapid rise in the number of new entrants into the market, the high debt levels and the recent statement by the Chairman of one of the largest car manufacturers that an 'Evergrande' already exists in the sector.
Chapters:
0:00 Intro
0:22 BRANDS
2:22 PRICE WAR
5:07 ZERO MILEAGE
10:13 TOP 10
11:26 EVERGRANDE
12:53 LOSSES
14:18 DEBT
16:22 EMPLOYEES
18:04 SUMMARY & CONCLUSION