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351 China Is Sending Its World-Beating Auto Industry Into a Tailspin

Slashdot
BeauHD @ Slashdot · 09/17/2025 23:30 EDT

China Is Sending Its World-Beating Auto Industry Into a Tailspin

An anonymous reader quotes a report from Reuters: On the outskirts of this city of 21 million, a showroom in a shopping mall offers extraordinary deals on new cars. Visitors can choose from some 5,000 vehicles. Locally made Audis are 50% off. A seven-seater SUV from China's FAW is about $22,300, more than 60% below its sticker price. These deals -- offered by a company called Zcar, which says it buys in bulk from automakers and dealerships -- are only possible because China has too many cars. Years of subsi

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