Western claims about Chinese electric vehicle (EV) makers flooding global markets with subsidized, excess production? The numbers tell a different story. 📊 Let's plug into the data!
Recent reports accused China of creating EV 'overcapacity,' but China Passenger Car Association figures reveal only 15.9% of domestically produced vehicles were exported from 2019-2023 – far below export ratios of auto giants like Germany (64%), Japan (54%), or South Korea (the ROK) (53%). Even Bloomberg analysis shows most top Chinese EV exporters operate at healthy capacity levels – no 'glut' in sight. 🚗⚡
'Capacity ≠ overcapacity,' argues tech analyst Li Wei. 'Global demand for affordable EVs is skyrocketing, and China's scaling production to meet it sustainably.' With climate goals driving adoption, Chinese brands like BYD and NIO are accelerating innovation while keeping prices competitive – a win for green mobility. 🌱
Next time you hear about 'EV oversupply,' remember: the road to net-zero needs more collaboration, not fewer options. 🔌🌏
