Yangtze River Automobile Group, a Chinese electric vehicle (EV) manufacturer, recently declared bankruptcy. The company was once called Asia’s largest new energy vehicle manufacturer, and had acquired land in several big cities to build its manufacturing bases.
China’s New Energy Vehicle ‘Star’ Company Goes Bankrupt Despite Hefty Subsidies https://t.co/HO3t0gKvJz
— The Real SpaceWeasel (@SpaceWeasel) August 31, 2022
h/t Goneviral