Is Peihua Power going bankrupt?

Yes With the development of new energy electric vehicles, there are fewer and fewer turbocharged vehicles, and the products of Shanghai Peihua Electric Power Company, which produces turbocharged vehicles, will have nowhere to sell. The sales volume of Shanghai Peihua Electric Power Company will decrease by 16% every year, which shows that according to the development trend of science and technology, if the development form is not changed, the company will go bankrupt in the future.