"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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Last
$4.15 |
Change
-0.050(1.19%) |
Mkt cap ! $12.49B | |||
| Open | High | Low | Value | Volume |
| $4.18 | $4.19 | $4.13 | $81.93M | 19.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45688 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 78493 | 3 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$4.16 |
Change
-0.050 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| $4.19 | $4.19 | $4.13 | 3824343 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| PLS (ASX) Chart |