Chinese EV Makers Pivot Overseas as Domestic Slowdown Spurs Price War and Overcapacity
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Chinese EV makers enjoyed explosive growth but now face slowing domestic demand, spurring a push to export overseas.
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Slower growth has fueled a fierce price war among dozens of Chinese EV startups and foreign players.
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Automakers in China have capacity to make millions more EVs than can be sold domestically in coming years.
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Rapid growth created overcapacity; China's government encourages automakers to expand overseas.
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Whether China prevents EV oversupply depends on controlling the EV revolution as well as it stimulated it.