<
https://thedriven.io/2023/03/30/legacy-auto-faces-disaster-in-china-with-unsellable-cars-as-pollution-crunch-looms/>
"We are currently witnessing a major disruption in the world’s largest car
market, that will have massive implications for the biggest carmakers as they
seek to manage the switch from fossil fuel vehicles to electric.
Potentially millions of petrol and diesel cars may about to become unsellable
in China as the country implements new vehicle emissions standards, and as EV
demand booms. With China already experiencing a car inventory crisis, the next
three months could spell disaster for some legacy auto companies.
Auto News recently reported that the China Auto Dealers Chamber of Commerce
(CADCC) posted an article on March 23 on WeChat saying that dealers could be
left with hundreds of thousands of non-compliant unsellable petrol and diesel
vehicles once China’s new emission standard is implemented in July.
According to its website, the CADCC had over 8000 auto dealer members as of
2019.
More details on the CADCC March 23 article – now deleted – were given on the
Shanghai Metals Market SSM news site on Monday in post titled
Industry
Association Appeals for Delayed Enforcement of Imminent China VI B Emission
Standards to Tackle Huge Inventory Pressure.
The Chinese metals industry publication is justifiably concerned as the
inventory crisis will have massive flow on effects for auto industry metals
suppliers."
Via
Future Crunch, who wrote “Don’t feel too sorry for the automakers
either—they’ve had years of warnings.”
<
https://futurecrunch.com/good-news-heart-united-states-democracy-uruguay-nature-rights-ecuador/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
