The best argument I liked so far to what's happening is that this flooding of Chinese EVs is due to the internal slowdown of EV sales. Essentially, China is producing roughly the same amount of EVs but as they can't sell them at the same pace locally, they are now pushing them to the outside world.
There is no conspiracy here (in my opinion) or attempt to flood the global market; but rather a giant internal economy (that most people ignored because China is kinda enclosed in its own bubble) is now getting exposed and it's showing how far China has come.
Another one is rails: China makes a lot of rails. A shit-ton but since these can't be sold to consumers, China created the "belt and road" thingy so that they can export their production.
China has a lot of excess capacity. They can out build the West, the developing world and India. They were just busy building inside but now that they need new export markets and have mostly finished building inside, they are looking outward.
There is no conspiracy here (in my opinion) or attempt to flood the global market; but rather a giant internal economy (that most people ignored because China is kinda enclosed in its own bubble) is now getting exposed and it's showing how far China has come.
Another one is rails: China makes a lot of rails. A shit-ton but since these can't be sold to consumers, China created the "belt and road" thingy so that they can export their production.
China has a lot of excess capacity. They can out build the West, the developing world and India. They were just busy building inside but now that they need new export markets and have mostly finished building inside, they are looking outward.
The next few years will be interesting.