Published on 24 Sep 2023 on South China Morning Post via Yahoo Finance
China's EV war: only the strongest will survive as BYD, Xpeng's dominance knock out 15 pretenders...
Vincent Kong waves a soft-bristled brush as he removes dust from his WM W6, an electric sport-utility vehicle whose purchase he has regretted since the time the carmaker's fortunes took a turn for the worse.
"If WM were to close [due to a financial squeeze], I would be forced buy a new [electric] car to replace the W6 because the company's after-sale services would be suspended," said the Shanghai white-collar clerk, who spent about 200,000 yuan (US$27,782) when he bought the SUV two years ago. "More importantly, it would be embarrassing to drive a car built by a failed marque."