Vital Points
- Adoption of battery and hybrid-driven cars and trucks has surged in China, but an onslaught of new types has fueled a selling price war, whilst regulatory scrutiny grows abroad.
- “The pace of elimination will only decide on up,” Feng Xingya, common manager at GAC, explained to reporters on the sidelines of the Beijing vehicle exhibit in late April. Which is according to a CNBC translation of his Mandarin-language remarks.
- “The difference currently is that the overcapacity now has occur collectively with vehicles that are quite competitive,” reported Stephen Dyer, co-chief of the Higher China Organization at consulting agency AlixPartners, and Asia leader for its automotive and industrials practice.
