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In China, fears grow of an EV financial crisis amid pricing war

cnbc.com

5 points by svggrfgovgf 6 months ago · 1 comment

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ZeroGravitas 6 months ago

Yeah, don't worry about China and EVs.

They're so stupid they accidentally built too many solar panels and batteries and now they're being forced to sell them overseas, a phenomena that some worried business leaders have called "exporting".

And now their EV market is in disarray with prices and profits going down instead of up, up, up like god and Adam Smith intended.

Some of their car companies aren't even too big to fail, a classic mistake that will lead to inefficient businesses closing and what worried business leaders are calling "competition".

Honestly, these articles are so stupid and self-defeating to America that I wouldn't be surprised if the Chinese government was paying for them.

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