How China’s EV boom spun dangerously out of control
China's electric vehicle industry faces challenges due to overcapacity, with more than 140 brands competing. The EU's trade deficit with China has surpassed $1 billion daily, raising tensions amid a tariff dispute. As Chinese models outpaced Japanese sales for the first time in May, officials must devise a joint plan by October to address the imbalance.
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Published 15 Jul 2026, 09:50 UTC · Updated 15 Jul 2026, 10:00 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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