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This article isn't telling the whole truth. They are stuck with millions of cars and 1000's of dealerships are closing down. As EV's take off the Chinese gov in
by ChumpGPT 3y ago
This article isn't telling the whole truth. They are stuck with millions of cars and 1000's of dealerships are closing down. As EV's take off the Chinese gov in some provinces is banning the sale of gasoline cars and China is planning to eliminate all gasoline cars by 2035. These manufactures are clearing millions of vehicles at deep discounts or export. This is not some new push to take over the market but more of an effort to salvage a bad situation where they would otherwise be stuck with millions of cars.
https://thedriven.io/2023/03/30/legacy-auto-faces-disaster-in-china-with-unsellable-cars-as-pollution-crunch-looms/ https://thedriven.io/2023/03/30/legacy-auto-faces-disaster-i...