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Overcapacity and EV price war will intensify

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Published: April 23rd, 2024,
Last updated: May 30th, 2025

BYD cars in the port of Yantai.

China’s car market is enormous and highly competitive. Chinese and foreign manufacturers constantly try to attract customers with new models and hefty discounts. This competition will become even fiercer in the promising field of electric cars. Above all, overcapacity is becoming a problem.

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