...seriously, this post is so exceptional that it got moderated, lol.
500,000 Chinese vehicle exports in April. China on track to top 6 million vehicle exports a year (adding to its position as the world's largest exporter) Stunning change
https://x.com/Brad_Setser/status/1789289172437532713
Chinese vehicle production is back it its long-term high (over 30m vehicles a year). Chinese vehicle demand remains well below its 2018 levels. Difference is exports of course. China has the capacity to produce over 40m vehicles (spare capacity mostly for ICEs)
https://x.com/Brad_Setser/status/1789290154806403241
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