Tongling, China-Officials in this old mining town knew almost nothing about electric vehicles when a startup collected funds of $535 million in land and capital to build an electric-car plant here two years ago. There are now 487 electric-vehicle makers in China, according to the latest official tally, and most are brand new. Singulato Chief Executive Shen Haiyin estimates that just 10% of today's EV startups will survive the next five years. Some auto analysts put the figure nearer to 1%.
Comment
In recent years, China's electric vehicles industry has developed rapidly, and a number of electric car brands have sprung up. Facing the increasingly fierce competition, electric-vehicle makers should enhance independent innovation ability and build self-owned brands with international influence.
（Editor Gao Sihan）
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