Last month, a senior Chinese official said that the country's government wants to encourage consolidation in its sprawling electric-vehicle industry. That's no surprise: China has over 300 EV start-ups, many of which have no hope of ever becoming profitable.
But what does it mean for companies like Nio (NYSE: NIO) , Xpeng (NYSE: XPEV) , and Li Auto (NASDAQ: LI) that have become popular with U.S. electric-vehicle investors?
In this Motley Fool Live broadcast, recorded on Sept. 23 , Industry Focus host Nick Sciple and Motley Fool senior auto specialist John Rosevear look more closely at the government's likely intentions, how they could be both good and not-so-good for Nio and its rivals -- and why a similar wave of EV consolidation is likely to play out elsewhere as well.
For further details see:
How China's Push for EV Consolidation Could Hurt (and Help) Nio