Only 1 Percent of Chinese Electric Car Startups Will Make It, Investor Predicts
China is home to the largest market for electric cars and plug-in hybrids. Naturally, numerous local startups have cropped up as companies aim to cash in on the market. Alas, a new report claims only 1 percent of electric-car startups will survive. Chinese investor and managing partner of NIO Capital, told Bloomberg in a Tuesday report… more