Jiyue Automobile announced the closure of its vehicle business

According to the latest news, Jiyue Automobile will close its vehicle business this week, making it the third automaker facing bankruptcy in 2024. Six years ago, the number of new energy vehicle companies in China once exceeded 487, but with the intensification of market competition, many brands such as Weimar, Aiways, Skyworth, Yundu, HiPhi, etc. have successively withdrawn from the market. At present, only more than 30 new energy vehicle companies are still operating normally.