"NIO, XPEV, LI, BYD.. China's Quads Message Board

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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.02

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10:04 AM EST

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From: roto	4/23/2024 9:56:16 PM
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‘It Is Desolate’: China’s Glut of Unused Car Factories 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. nytimes.com Next to the Chinese characters above the front gate of a former Hyundai factory in Chongqing, China, a slogan used to say in English: “New Thinking, New Possibilities.”Credit...Gilles Sabrié for The New York Times By Keith Bradsher Reporting from Chongqing, China April 23, 2024Updated 9:04 p.m. ET Want to stay updated on what’s happening in China? Sign up for Your Places: Global Update, and we’ll send our latest coverage to your inbox. On the outskirts of Chongqing, western China’s largest city, sits a huge symbol of the country’s glut of car factories. It’s a complex of gray buildings, nearly a square mile in size. The thousands of employees who used to work there have moved on. Its crimson loading docks are closed.

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