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63 China Makes Too Many Cars, and the World Is Increasingly OK With It

Slashdot
msmash @ Slashdot · today 14:22 EDT

China Makes Too Many Cars, and the World Is Increasingly OK With It

After years of Western governments raising alarms about Chinese automotive overcapacity and erecting tariff barriers, an unexpected pivot is now underway as major economies cautiously open their markets to Chinese electric vehicles, Bloomberg writes. Beijing itself has started acknowledging the problem at home. Chinese regulators last week warned of "severe penalties" for automakers defying efforts to rationalize pricing in the country's car market, and earlier this month a government ministry urged battery

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