China’s Xi Jinping Warns of Overinvestment in EV and AI Industries – EV

China’s Xi Jinping Warns of Overinvestment in EV and AI Industries – EV

China’s President Xi Jinping has called for greater discipline in strategic industries such as electric vehicles and artificial intelligence, as concerns over overcapacity intensify. The country’s top leadership urged to avoid “irrational competition” and wasteful investments driven by local governments seeking short-term growth. The auto industry in the world’s second largest economy has the capacity…

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