Two things stood out in this New York Times piece exploring the price wars in China resulting from EV overcapacity and excessive competition:
- Last year, 129 brands in China were selling cars that ran mainly or entirely on electricity.
- In each of the last five months, battery-powered and plug-in hybrid cars made up more than half of all cars sold.
Chinese manufacturers now export a fifth of their production, creating problems for manufacturers in the US and Europe.
[New York Times]










