… Yes that is how production works in a healthy economy. You have multiple companies competing for the same consumers, resulting in over production.
Cars are a luxury object that are entirely unnecessary, so they aren’t a centrally planned industry.
The extra then gets sold off. But the fact you simply cannot buy most Chinese ev brands outside of china (and some belt and road countries) kinda proves the point. Besides BYD and Rivian, you’re not finding many Chinese evs outside of china, and those are just two of the top twenty manufacturers.
Nope, they’re private sector. Technically the state does produce some busses and of course electric trains; but consumer evs are entirely private sector enterprises.
Hmm, Chinese are a target for EVs, but the production capacity clearly exceeds Chinese civilian purchasing power.
… Yes that is how production works in a healthy economy. You have multiple companies competing for the same consumers, resulting in over production.
Cars are a luxury object that are entirely unnecessary, so they aren’t a centrally planned industry.
The extra then gets sold off. But the fact you simply cannot buy most Chinese ev brands outside of china (and some belt and road countries) kinda proves the point. Besides BYD and Rivian, you’re not finding many Chinese evs outside of china, and those are just two of the top twenty manufacturers.
You have a good point.
EVs have no central planning in China?
Nope, they’re private sector. Technically the state does produce some busses and of course electric trains; but consumer evs are entirely private sector enterprises.
I am doubting myself on this after your comment. I don’t know much about the domestic purchase volume but if EVs in China.