Quote:
Originally Posted by Truenorth00
This would imply a lot (most?) EV inventory in China being sold at a loss. I haven't seen any actual evidence of that. Open to anything you've found.
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Canada takes step toward boosting tariff regime on Chinese EVs by announcing consultation
Freeland says China's deliberate oversupply of electric vehicles 'undermines EV producers around the world'
Peter Zimonjic · CBC News · Posted: Jun 24, 2024
The federal government took a step Monday toward making Chinese electric vehicle imports more expensive in Canada by announcing a 30-day consultation period to examine Beijing's trade practices in the EV sector.
Deputy Prime Minister and Finance Minister Chrystia Freeland made the announcement in Vaughan, Ont. She said that the consultations, which begin July 2, will help the government craft its response to Beijing.
"Canadian auto workers, and the auto sector … are facing unfair competition from China's intentional, state-directed policy of overcapacity that is undermining Canada's EV sector's ability to compete in domestic and global markets," Freeland said.
Freeland said China's oversupply of electric vehicles cannot be absorbed by the Chinese market and is being shipped abroad, where it "undermines EV producers around the world."...
https://www.cbc.ca/news/politics/fre...iffs-1.7244361
Brazil is buying lots of Chinese EVs. Will that continue?
By William Tobin
In anticipation of growing demand for zero-emission transportation, China has become the world’s largest exporter of electric vehicles (EVs). China’s battery electric vehicle (BEV) industry is at overcapacity, producing an excess of 5 to 10 million vehicles annually beyond domestic demand, forcing China to find new markets to fuel continued growth...
https://www.atlanticcouncil.org/blog...that-continue/
This didn't get much attention last year but it shows how they encourage overproduction. Shocking waste.
China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
By Bloomberg News
August 17, 2023 at 7:00 PM PDT
On the outskirts of the Chinese city of Hangzhou, a small dilapidated temple overlooks a graveyard of sorts: a series of fields where hundreds upon hundreds of electric cars have been abandoned among weeds and garbage.
Visual media produced in partnership with Outrider Foundation.
Similar pools of unwanted battery-powered vehicles have sprouted up in at least half a dozen cities across China, though a few have been cleaned up. In Hangzhou, some cars have been left for so long that plants are sprouting from their trunks. Others were discarded in such a hurry that fluffy toys still sit on their dashboards.
The scenes recall the aftermath of the nation’s bike-sharing crash in 2018, when tens of millions of bicycles ended up in rivers, ditches and disused parking lots after the rise and fall of startups backed by big tech such as Ofo and Mobike.
This time, the cars were likely deserted after the ride-hailing companies that owned them failed, or because they were about to become obsolete as automakers rolled out EV after EV with better features and longer driving ranges. They’re a striking representation of the excess and waste that can happen when capital floods into a burgeoning industry, and perhaps also an odd monument to the seismic progress in electric transportation over the last few years....
https://www.bloomberg.com/features/2...?sref=x4rjnz06