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Old 09-21-2021, 07:39 AM   #372 (permalink)
Psy-Fi
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Deserted Factories Show How China Electric Car Boom Went Too Far

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There are some 846 registered automobile manufacturers in China, and more than 300 of them churn out new-energy cars, loosely defined as electric vehicles or plug-in hybrids. The vast majority are names unrecognizable elsewhere. In 2020 alone, the country added new production capacity of around 5 million units, about four times the actual number of EVs sold in China that year. According to regulators, almost half that capacity wasn’t in use.
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