BYD's decision to cut its sales target was pragmatic, industry consolidation will happen slowly

Rupert Mitchell of Blind Squirrel Macro and former chief strategy officer at WM Motor, says that amidst the "vicious price war" in China's EV industry, he doesn't see the number of players shrinking as quickly as some leaders in the sector say they would, and that having a multitude of technological features in the car is necessary for these brands to even stay relevant.