Comment by iamthemonster
9 hours ago
Do you have any references for your statements?
The majority of car sales in China are EVs (which is more than the UK, the EU and the US) so locals are buying the supply right now.
9 hours ago
Do you have any references for your statements?
The majority of car sales in China are EVs (which is more than the UK, the EU and the US) so locals are buying the supply right now.
Sure.
China domestic consumption is laughably low: https://en.wikipedia.org/wiki/List_of_countries_by_household... (lower than Kosovo, Sri Lanka, lower than world average) https://bst-europe.eu/economy-security-trade/more-and-more-w...
Locals won't buy EV supply: https://asia.nikkei.com/business/automobiles/china-s-domesti... https://www.bloomberg.com/features/2023-china-ev-graveyards/