China has ‘too many’ EV companies - here’s why that’s a problem

[mna]

Why is it a problem because there is competition to e.u and u.s vehicle??

[weiyanone]

The essence of industry is surplus, and only surplus industry can bring competition, elimination and cost advantages! Although the profit of industry is not high, it can solve the employment of more people. As a result of long-term competition, people will enjoy higher efficiency and cheaper commodities! Although the financial industry can obtain more profits, it will also bring about a higher gap between the rich and the poor!

[patrickco]

it's only a problem for the US and EU competitors. theyre gonna get forced out. LOL

[Aamirmhmd]

That's good right? Cut throat competition will produce the best co.s and will weed out the weak ones.

[andresquintero]

Tesla was supported by the government with subsidies and the taxes for chinese ev is 25%. Why is not that a problem?

[jmichael]

Huge Fact 😅😅😅 🚙 They got so many unwanted Ev car's sitting on empty lot's across China. Why not sell them in smaller economy market's 😅😅😅

[carkawalakhatulistiwa]

400 company in 2014. 100 Company in 2024

[TaeNre]

competitions asides, e waste management will be bloated

[lurkingarachnid]

most of them bankrupt when subsidies dried up