Billionaires investing in Chinese electric vehicles experience knockdowns

China’s richest businessmen invested billions into Chinese electric vehicle firms to back the nation’s aim of establishing itself as the forerunner in the electric car-making sector. 

However, a reckoning seems to be in order following the slowing down of car sales and the decrease in subsidies provided by the government for the emerging industry.

Consequently, the firms of Pony Ma, Hui Ka Yan, Robin Li, an....