fake market propped up by government subsidy. should crash 30-50%, much like the real estate prices these days in China.
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
https://www.bloomberg.com/features/2023-china-ev-graveyards/