Why China’s Electric Vehicles Dream Crashed & Is Showing No Signs Of Recovery

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Dozens of China’s huge and gleaming Electric Vehicle plants have now been abandoned. The production at the most EV making units has been suspended since the outbreak of Covid-19 in early 2020. An over-enthusiastic push for EV manufacturing in China resulted in surplus capacity. At present, out of 846 registered automobile manufacturers in China, over 300 are involved in manufacturing EVs. Watch the video to know more.

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