What is ‘involution’ that is plaguing the Chinese EV sector? | Explained
The story so far: For some years now, the Chinese economy has faced what has locally come to be called nêijuân, or an involution. It is a process in which rivals in certain sectors indulge in price wars, attempting to capture market share and clear out oversupply of goods. However, these price wars are counterproductive, as they reach…
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