It is unlikely the dwindling group of successful EV companies will buy failing brands, which would involve taking responsibility for legacy customers who can no longer get the software updates needed to keep their cars functioning.

1. Overcapacity and Weak Domestic Sales: Excessive investment has led to overcapacity, while domestic sales remain weak, affecting profitability[1][2].
2. Trade Barriers: International trade barriers have further depressed profits[1].
3. Rising Costs: Increased labor costs and soaring producer prices have made it difficult for manufacturers to absorb expenses, leading to higher consumer prices[3][4].
4. Government Policies: Unpredictable government actions and policies, such as the "Zero COVID" policy, have disrupted manufacturing operations[3][4].
5. Global Competition: Intense global competition, especially in sectors like electric vehicles, has limited market growth[2].