A cargo ship is ready to load cars for export at Yantai Port in Shandong province on March 14. [TANG KE/FOR CHINA DAILY] BEIJING — While certain Western nations portrayed China’s increasing exports of new energy vehicles (NEVs) as the result of domestic overcapacity, several Chinese officials refuted this narrative, asserting that export-based reasoning cannot … Continue reading Labeling China’s NEV exports as result of overcapacity can’t hold water: officials
Tag: Overcapacity
Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization
Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. [Photo/VCG] BEIJING – At the end of March, Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV), the SU7, igniting a spark of excitement. At the launch event, Xiaomi’s founder and CEO Lei … Continue reading Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization