Exclusive-EV maker Nio gets regulatory nod for third factory in China, sources say
SHANGHAI (Reuters) – Electric vehicle maker Nio has won approval to build a third factory in China that would boost its total approved production capacity to 1 million cars, almost at par with Tesla’s massive Shanghai plant, three people with…
Xinhua Headlines: Fallacies and facts about China’s “overcapacity”
* China’s burgeoning new energy sector stands as a beacon of technological prowess and a pivotal force in the global push for sustainable development. * In recent years, China has been substantially reducing subsidies within the new energy vehicle (NEV)…
Overcapacity or ‘over anxiety’? China hits back at Western claims of dumping
Criticism that China was flooding the global market with excess supply in sectors such as electric vehicles was “not a conclusion based on market reality, but a trumped-up narrative”, state news agency Xinhua said in a commentary on Saturday. “This…
‘Don’t jump to conclusions’: China needs balance amid US, EU overcapacity fears
China should be mindful of risks from overcapacity and prudently formulate industrial policies to guide enterprises amid Beijing’s hi-tech push in order to reorient economic growth and nurture new industries, a former government adviser said on Tuesday. Beijing’s bid to…