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China’s car factories run cold as price war masks deep overcapacity
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China’s car factories run cold as price war masks deep overcapacity

eriinfo.com2 weeks ago05 mins

China’s long-running car price war is overshadowing a deeper problem for the nation’s automotive industry: persistent overcapacity. Despite a slight uptick in recent years, more than half of production capacity lay idle in 2024. In an industry capable of making 55.5 million vehicles annually, overall capacity utilisation last year was just 49.5%, data compiled by…

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