BEIJING/TOKYO -- Electric vehicle production capacity in China continues to expand at breakneck speed despite being vastly larger than domestic demand, fanning fears that manufacturers will export vehicles abroad at cut-throat discounts.
Electric cars in China
China's EV overcapacity spurs global fears of more price cuts
Factory utilization for new energy vehicles drops to 50%, far below break-even point
Smartphone maker Xiaomi's entry into the EV market generated interest for its low prices. © Reuters
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