China's Electric Car Industry Is in Deep Trouble

China's electric vehicle industry is, by most accounts, far superior to ours in the United States: the cars are cheaper, the consumers more primed to purchase them, and they have lots of viable options outside of Tesla. Unfortunately, that competition comes with a price — or rather, with a price war. As the New York Times reports, rabid competition among about 50 of the country's top EV automakers has led to repeated price-slashing in a manic hunt for new buyers. As those manufacturers race to t