GM, VW face idled capacity risk in China without faster EV transition -Greenpeace

As demand for new energy vehicles - including fully electric and plug-in hybrid cars - grows, new NEV-only producers such as BYD will take market share and leave legacy automakers sitting on wasted production space geared toward unwanted internal combustion engine cars, the organisation said.

Over-capacity in China's combustion engine car industry is a long-standing issue, with a ban in place by regulators since 2017 on the construction of new capacity. By the end of 2021, China had total annual production capacity for 40.89 million passenger vehicles of all fuel types with a utilisation rate of 52.5%, showed data from the China Passenger Car Association.

Greenpeace estimated that if NEVs make up 40% of sales by 2030 - a conservative forecast considering 30% of sales this year so far were of NEVs - a third of ICE production capacity at 10 major automakers including Volkswagen AG

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