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china: 'It is desolate': China's glut of unused car factories

The facility, a former assembly plant and engine factory, had been a joint venture of a Chinese company and Hyundai, the South Korean giant. The complex opened in 2017 with robots and other equipment to make gasoline-powered cars. Hyundai sold the campus late last year for a fraction of the $1.1 billion it took to build and equip it. Unmown grass at the site has grown knee high. ....

South Korea , South Korean , John Zeng , Cui Dongshu , Michael Dunne , Zhou Zhehui , Bill Russo , China Passenger Car Association , Ford Motor , European Union , China National Bureau Of Statistics , China Passenger Car , General Motors , United State , National Bureau , New Possibilities , Electric Vehicles , Car Factories , New York Times ,

'It Is Desolate': China's Glut of Unused Car Factories

Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse. ....

South Korea , South Korean , Zhou Zhehui ,