Fallacies and Facts about China's "Overcapacity"
German carmaker BMW announced an additional investment of 20 billion yuan (about 2.81 billion U.S. dollars) in its production base in Shenyang, capital of northeast China's Liaoning Province recently, aiming to achieve localized production of BMW's NEUE KLASSE models in 2026. The decision reflects multinational corporations' positive outlook on the Chinese new energy vehicle market.
（Editor:Liao Yifan）
