IHS Markit Sees More Competition in China's EV Market

The video discusses Hyundai's sales challenges in major markets, particularly in China and the US, due to a lack of popular SUV models and political issues. It also covers the rise of electric vehicle sales in China, with many new entrants aiming to compete with Tesla. Despite the appeal of Tesla's business model, these companies face challenges due to decreasing subsidies and the need for significant investment in fixed assets.

What are the reasons for Hyundai and Kia falling short of sales predictions for the third consecutive year?

What challenges is Hyundai facing in major markets like China and the United States?

How are new entrants in China attempting to compete with Tesla?

What does the text suggest about the sustainability of new electric vehicle companies in China?

What factors are affecting the electric vehicle market in China according to the text?