"china has built the capacity to manufacture 40 million vehicles a year but the demand is not even half that."
These guys have an explanation for that
"china has built the capacity to manufacture 40 million vehicles a year but the demand is not even half that."
https://cnevpost.com/2024/04/30/china-new-energy-products-no-overcapacity-state-paper/?utm_source=substack&utm_medium=email
but I would not trust them any more than your source
Good News & Bad News, page-42430
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