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Podcast: EV News Daily - Technology and Business of EVs
Episode: BONUS: How China Engineered A Bloodbath Of Deliberate Overcapacity
Description: China's electric vehicle price war represents the calculated culmination of a decade-long state industrial policy that has now reached its inevitable—and perhaps intended—climax. Since 2009, Beijing has channeled over $230 billion into EV incentives, subsidies, and industrial support, creating what appears to be overcapacity but was actually a deliberate strategy to forge global champions through domestic combat.The result is a market hosting over 130 brands competing in what Volkswagen's China chief describes as a sector that has "lost all reason".Today we’ll discuss:
Chronic Overcapacity and Unsustainable Competition
Deep Financial Stress Across the Industry
Global Repercussions and Po...