China Faces Undersupply Instead of Overcapacity in New Energy Products [Video]

…Source: https://cnevpost.com/2024/04/30/china-new-energy-products-no-overcapacity-state-paper/ Transcript: According to China EV Post, China’s new energy sector is countering claims of overcapacity. The country’s exports of electric vehicles and lithium batteries show market demand. China’s new energy production is boosting global supply and aiding in green transition. The People’s Daily emphasizes the global need for such high-quality production. China’s advantages include a developed supply chain and continuous technological innovation. The nation leads in manufacturing size globally for over a decade. Technological advancements include innovations in lithium and semi-solid batteries. China welcomes foreign electric vehicle makers, fostering competition and innovation. China’s electric vehicles, known for quality and competitive pricing, are in high demand worldwide. The country boasts over 20 million new energy vehicles, with 76% being battery electric vehicles.