That's happening to the automobile market in China. Electric car and battery manufacturing costs go down with scale. Way down. Huge electric car glut in China.

That's happening to the automobile market in China. Electric car and battery manufacturing costs go down with scale. Way down. Huge electric car glut in China. Car prices crashing. Government worried.[1] Profit margin of China car companies is down to around 4%. [1] https://www.cnn.com/2025/09/26/cars/chinese-electric-cars-price-wars-intl-hnk-dst https://www.cnn.com/2025/09/26/cars/chinese-electric-cars-pr...