China’s EV Sector Maintains Strong Capacity Utilization Amid Overcapacity Claims
Recent data shows China’s electric vehicle sector maintains high capacity utilization, challenging claims of overcapacity in its new energy industries.
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Recent data shows China’s electric vehicle sector maintains high capacity utilization, challenging claims of overcapacity in its new energy industries.
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Premier Li Qiang counters claims of China’s excess capacity, highlighting global cooperation and strong market demand exemplified by Xiaomi’s auto launch.
China’s NEV sector faces debate over alleged overcapacity. Experts argue that genuine market demand exists, while restrictions in the US and Europe distort true capacity challenges.
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The Chinese mainland accelerates its green growth with electric vehicles aiming for 45% market share by 2027, opening doors for diverse global companies.