Some sources estimate there are 487 EV startups in China alone. If Mr Zhu's estimate is correct, a single roulette number has at least 2x better odds of winning than a Chinese EV startup has of surviving. This is China, where everything is possible and nothing is easy:BytonTheir concept electric SUV - the "M-Byte" - was a hit at this year's CES. Quite an origin story: A string of lawsuits, exodus of former execs, production plans shelved. On the other hand, China is determined to become the global center for EV production and is using quotas and subsidies to get there.

Source: Forbes September 27, 2018 16:10 UTC