Taking notes Joe? The company was once called Asia’s largest new energy vehicle manufacturer Goes Bankrupt Despite Hefty Subsidies

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 t.co/HO3t0gKvJz

— The Real SpaceWeasel (@SpaceWeasel) August 31, 2022

h/t Goneviral