China's Auto Factory Capacity Is Not Growing Fast, Industry Group Says usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
China’s vehicle market got off to a good start in the first quarter, with production and sales each exceeding 6.6 million units, data from the China Association of Automobile Manufacturers (CAAM) showed on Wednesday.
China s Auto Factory: In similar remarks on Tuesday, Cui Dongshu, secretary general of the China Passenger Car Association (CPCA) said that "China s new energy vehicle sector has yet to reach severe overcapacity levels," in response to U.S. Treasury Secretary Janet Yellen talking up Chinese overcapacity in EVs during her latest China trip.