China’s electric vehicle makers are dumping cars overseas while their home turf turns into a financial bloodbath. Ji Yue, once hyped as the next big EV name, collapsed within six months and left people like Li Hongxing with millions in debt. Li, who runs an ad agency, said he borrowed money to cover campaign costs for Ji Yue in 2024. “It was a feeling of sheer despair,” he said after the company vanished without paying him back. He’s still chasing 40 million yuan, about $5.6 million.