Record Chinese foreign investments in electric cars - World Motors. China could produce 10 million excess vehicles a year, the consultancy Automobility estimates, equivalent to two-thirds of North American production in 2022.
South Korea and Morocco could benefit, as they boast free trade agreements with the USA, thus becoming production countries for China. The study highlighted the growing alarm over the Dragon's industrial overcapacity which is flooding the EU with low-cost products, such as electric cars, which is opening a new front in the West's trade war with Beijing.