Part 6/7:
The Impending Reality
Both the Western and the Chinese automotive markets are undergoing drastic transformations, with traditional manufacturers grappling to retain their foothold as new, more agile competitors emerge. Goldman Sachs predicts a future where battery pack prices could drop by nearly 50%, enabling even more disruptive competition as EV companies strive to undercut their rivals from the old guard.
In this turbulent environment, the Xang CEO's statements resonate strongly with a market on the brink of significant change. As consolidation looms and competition heats up, the auto industry's landscape may witness a transformation akin to a "knockout tournament." Those who do not adapt will likely find themselves written off in the annals of automotive history.