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China NEV Capacity Utilisation At 76% - CCPIT

CHINA PRESS

China’s new energy vehicle capacity utilisation rate stands at 76%, making U.S. and EU accusations of overcapacity and low-price dumping unfounded, said Wang Xia, president at the automotive branch of the China Council for the Promotion of International Trade. Wang noted China is launching a new era of inclusive international technology and capital cooperation. The country's passenger car exports account for 15.9% of total sales, much lower than that of Germany, Japan and South Korea, Wang continued. (Source: Securities Daily)

MNI Beijing Bureau | lewis.porylo@marketnews.com

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