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China vows to rein in capacity in electric vehicle industry – Financial Times

China vows to rein in capacity in electric vehicle industry – Financial Times

China has said it will rein in expansion of the country’s electric vehicle sector, as Beijing responds to western criticism of its industrial and trade policies that have contributed to a wave of Chinese car exports.Xin Guobin, vice-minister of industry and information technology, said on Friday there was “insufficient” external consumer demand and that Beijing would take “forceful measures” to address “blind” construction of new EV projects by some local authorities and enterprises.“There are also some disorderly competition behaviours,” he… 

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