Baidu’s Tesla-Killer Is Crashing—And It’s Not Alone

China’s electric vehicle (EV) market has seen explosive growth, with countless brands entering the scene. However, not all have survived. On May 7, EV-specialized media outlet InsideEVs highlighted several Chinese EV brands that have disappeared over the past year. Despite their technological progress, they were eliminated amid intense competition.

Ji Yue, a joint venture between Baidu and Geely, promoted autonomous driving capabilities that were said to surpass Tesla’s. However, sluggish sales and internal conflicts have pushed the company to the brink of collapse.

Neta, which gained attention for its low-cost EVs and expansion into Southeast Asia and the Middle East, now faces an uncertain future after mass layoffs and downsizing of its R&D department in 2025.

Yuanhang, launched as a premium sub-brand of Dayun, effectively exited the market after suffering from poor sales due to design and quality issues.

While China’s EV market has grown rapidly, bolstered by government subsidies and a consumer base of over 1 billion people, not every brand can survive.

InsideEVs predicts that consolidation in the Chinese EV industry is inevitable, with even major players likely to face mergers or restructuring in the near future.

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