At this crucial stage, new energy vehicles have arrived at a tipping point where 90% of the manufacturers may face insolvency. A price reduction of 100,000 for Mercedes-Benz, BMW, and Audi is no longer astonishing; even the automotive titan Toyota offers a buy one, get one free deal. The aftermath of the price war is plummeting stocks for automobile companies, including BYD and NIO; so people must wonder about the underlying cause of this situation. Traditional car companies venturing into new energy vehicl
