This article only represents the author's own views.
The global electric vehicle (EV) market has become a bloody battlefield, littered with companies that roared out of the gate over the last decade, only to crash and burn in the overheated sector. Reflecting that, Gartner predicted that 15% of EV makers established in the past decade would be acquired or go bankrupt by 2027.
Even that estimate may be conservative. A more recent arrival to the race, Zeekr Intelligent Technology Holding Ltd. (ZK.US) is likely be a survivor, thanks in no small part to its strong ties to Geely, one of China’s leading automakers. But for now, at least, the company looks unlikely to find the profits it will need to operate sustainably anytime soon.
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