China’s EV Market Collapses: 30 Million Produced, Less Than 10 Million Sold, No One Wants Them

China’s EV Market Collapses: 30 Million Produced, Less Than 10 Million Sold, No One Wants Them

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On December 6th, a fire erupted at a parking lot in Baiyun District, Guangzhou. A new energy vehicle spontaneously caught fire while parked, quickly spreading across the area. Intense flames and explosions filled the scene. The fire affected more than 90 square meters. A video captured nearby cars moving in reverse to avoid the flames, with some vehicles moving automatically due to electrical issues. The situation became chaotic, with bystanders screaming in panic.

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