Productive overcapacity and upscaling: Chinese industry is shaking European and American factories

Productive overcapacity and upscaling: Chinese industry is shaking European and American factories
Productive overcapacity and upscaling: Chinese industry is shaking European and American factories

Harold Thibault

Le Monde, (Shanghai, special correspondent)

Published on June 5, 2024 at 05:22. / Modified on June 5, 2024 at 07:54.

There are the logos that are just beginning to be seen abroad – that of the world’s leading electric manufacturer, BYD –, the brands born recently but already recognized in China – Nio, Xpeng, Li – and the names that the Chinese consumer he himself struggles to identify – Neta, Aion, for example. China has around fifty local brands of electric automobiles.

For the country, these cars, which are rapidly replacing foreign brands on its soil, are proof that it has finally caught up with its technological gap vis-à-vis the United States, Europe, Japan and Korea. from South. In Europe and the United States, on the other hand, these manufacturers are seen as a new vital risk for the local automobile industry.

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