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Two Chinese EV Makers Announce Deal Amid Industry Consolidation
Original: Two of China's EV Makers Announce a Deal as Auto Industry Moves Toward Consolidation https://www.nytimes.com/2026/09/28/
Two of China's electric vehicle makers, identified as Geely and Nio, have announced a deal, the latest sign of consolidation in the country's crowded auto industry. The agreement comes as intensifying price competition and overcapacity push Chinese EV manufacturers toward mergers and partnerships to survive.
Why now: Consolidation among major Chinese EV makers signals a major shift in the world's largest electric car market.
Evidence
- Two of China's EV Makers Announce a Deal as Auto Industry Moves Toward Consolidation https://www.nytimes.com/2026/09/28/business/china-ev-geely-nio.html # Business # EV # China · nyt_business@robot.villas · 3
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