Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
From cars to solar panels to furniture, China is using lavish bank lending and enormous investments in robotics to cement its global leadership in manufacturing.
La planta de Volkswagen en Zwickau dejó de producir autos Golf y se cambió a los vehículos eléctricos, dejando en evidencia los riesgos y oportunidades para los pueblos y ciudades industriales.
Volkswagen’s plant in Zwickau stopped producing Golfs and switched to electric vehicles, illuminating the risks and opportunities for factory towns and cities.
Elon Musk’s factory in China saved his company and made him ultrarich. Now, it may backfire.
The automaker said it would delay new battery-powered models and shift its focus to hybrid cars, sales of which are rising fast.
Musk ayudó a crear la industria china de vehículos eléctricos. Pero ahora se enfrenta a desafíos allí, así como al escrutinio en Occidente por su dependencia al país.
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
Mientras el precio de las acciones cae, los inversores se preguntan si la empresa, dirigida por Elon Musk, podrá resistir la intensificación de la competencia.