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Transcripts for FOXNEWS The Journal Editorial Report 20240604 19:32:00

Kim straw saw and kim, what is going on in china? did they just make a huge mistake subsidizing these evmakers? massive subsidies, a whole bunch of direct financing. they certainly got their wish. hundreds and hundreds of ev makers. they had everyone piling into this market, a big real estate company over there went into ev as if that their speciality. now you see price wars going on over there, people having to cut costs to get more people to purchase this, people going out of business, you see those cars pile up in lots all over the place. here s the thing. it s likely to get worse because softening demand is expected in china going forward as the economies there and here become more dicey. this is going to get worse if it ever gets better.

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