China is currently facing an overcapacity in its car-making industry. This surplus is primarily driven by Chinese brands like BYD, which have expanded their production capabilities to capture additional market share from legacy automakers within China. However, this overcapacity presents an opportunity for China to supply markets that need new suppliers, such as Russia. According to @tculpan writing for opinion, this situation can be turned into a mutual benefit, leveraging Chinese leadership in electric cars to create advantages for all involved, as noted by a former UN under-secretary-general.
China has too much car-making capacity, @tculpan writes (via @opinion). Thankfully, Russia has a need for new suppliers https://t.co/VLulVWpWJj
#Opinion: We should not fear overcapacity, but we should turn it into a mutual benefit where everyone benefits from Chinese leadership in electric cars: former UN under-secretary-general. https://t.co/K3e3ejrP8C
China has too much car-making capacity, @tculpan writes. Thankfully, Russia has a need for new suppliers https://t.co/sukv3CkzFS via @opinion
China has too much car-making capacity, @tculpan writes. Thankfully, Russia has a need for new suppliers https://t.co/WAnodewmVo
Don’t be fooled into thinking Chinese brands need eu mkt for overcapacity Byd capacity exists to serve the additional mkt share it will take from legacy automakers in China https://t.co/gwQLYJhPgs