Overcapacity is a ‘fake concept', says the international head of a major Chinese carmaker: ‘They don't know what is happening in my house' [Fortune]
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Source: Fortune
To officials in the U.S. and Europe, China's affordable EVs are proof of the country's “overcapacity problem,” which threatens to undermine Western manufacturing. But claims that Beijing uses state subsidies to prop up its manufacturing sector, and then dumps the excess surplus overseas, are irking executives in China's car sector. Overcapacity “is a fake concept,” Parker Shi, the head of Great Wall Motor International, told the Financial Times Shi expressed frustration that outsiders were commenting without knowing how Chinese manufacturers like Great Wall Motor operate. “They don't know what is happening in my house,” he said. Car companies often build factories with production capacities in excess of current demand, in anticipation of “good business,” Shi claimed. Other Chinese car executives say that their success is due to China's highly-competitive EV sector , rather than state support. China's EV makers need to design and develop products twice as quickly as establish
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