WSJ: China’s Car Industry Is Wowing the World—but Crashing at Home
5 Articles
5 Articles
Wall Street Journal
China’s Car Industry Is Wowing the World—but Crashing at Home
Domestic sales have plunged, but the state-supported sector’s needed shakeout hasn’t begun; ‘so many competitors’
In the electric car showroom here in Nanjing, Skyworth Auto's ambitions are clearly on display. A video of the founder, who, like China's own Elon Musk, slept in the factory to get the company off the ground, plays continuously. A map proclaims a presence in 45 countries. A fresh SUV is on display.
China's Auto Industry Is Conquering the World but Struggling at Home: Sales Slump, Overcapacity and Price Wars Threaten Its EV Boom
China's automotive industry is facing a major contradiction in 2026. Domestic passenger vehicle sales have fallen sharply, while exports are surging to record levels. With 63 million vehicles of estimated manufacturing capacity, intense EV price wars and shrinking profits, China's carmakers face mounting pressure despite their global expansion.
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