Debunking ‘Overcapacity’ Claims: Chinese Mainland’s EV Market Thrives
Data reveals that accusations of overcapacity in the Chinese mainland’s EV market are unfounded, showing strong domestic and global demand.
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Data reveals that accusations of overcapacity in the Chinese mainland’s EV market are unfounded, showing strong domestic and global demand.
The IEA reports a significant surge in electric vehicle sales, projecting that half of all cars sold globally will be electric by 2035, transforming the auto industry and reducing oil demand.
Europe and Germany advocate for open trade, rejecting US-style protectionism to harness global opportunities and strengthen the auto industry.
Chinese tech giant Xiaomi unveils its first electric vehicle, the SU7 series, priced around $30,000, promising top performance and smart technology integrations.
China expresses strong opposition to the U.S. probe into connected vehicles, labeling it a protectionist measure that could disrupt the global auto industry and harm consumers.
China warns that the U.S.’s recent restrictions on Chinese vehicle imports could negatively impact America’s own auto industry, emphasizing fair competition and innovation.
Mercedes-Benz CEO Ola Kallenius remains confident as Chinese electric vehicle brands capture half of the global EV market.
The UAW Union launches the ‘We Talk’ strike with 25,000 workers striking against the Big Three automakers, demanding fair wages and benefits amid high inflation.