Automotive: the end of the start-up era?

For 15 new automotive players analyzed by TNP, more than $500 billion in valuation has been lost since the end of 2020. This represents more than 70% of their valuation. Is this the end of the start-up era?

In comparison, since the end of 2020, the legacy players have held up well, even if they have suffered from the difficult post-Covid economic situation and the turmoil of an industry under strong pressure: semiconductor crisis, war in Ukraine, necessary investments in new electric models.