CCP Deletes EV Over Production Data Amid Overcapacity Dispute With US

The Chinese communist regime has deleted overproduction information on China’s new energy cars from its official website. It comes as both the United States and the European Union have raised serious concerns over China’s industrial overcapacity and dumping of goods in the West. China observers believe that the government subsidies have caused vicious competition, which harms both the Chinese domestic economy as well as the economies of other countries. The Price Monitoring Center of China’s National Development and Reform Commission released monitoring data on its official website on Monday, showing that prices of new energy vehicles (EV) in Shenzhen have generally fallen since the beginning of the year, generally by around 5 percent to 10 percent. Among them, the prices of 10 monitored new energy vehicles fell, with the largest drop being BYD Song PLUS New Energy (DM-i 110KM flagship model). The price dropped from 154,800 yuan (about $21,000) at the beginning of the year to 139,800 yuan (about $19,000), a decrease of 9.69 percent....