China Auto Sales Plunge, Face First Annual Decline in 30 Years
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Industry panics, overcapacity spreads, but government brushes off the wailing and gnashing of teeth, looks to EVs. New-vehicle sales in China plunged 13.9% in November, compared to a year ago, to 2.55 million units, the China Association of Automobile Manufacturers (CAAM) announced today. This was the fifth month in a row … Read more