China's electric vehicle price war represents the calculated culmination of a decade-long state industrial policy that has now reached its inevitable—and perhaps intended—climax. Since 2009, Beijing has channeled over $230 billion into EV incentives, subsidies, and industrial support, creating what appears to be overcapacity but was actually a deliberate strategy to forge global champions through domestic combat. The result is a market hosting over 130 brands competing in what Volkswagen's China chief describes as a sector that has "lost all reason". Today we’ll discuss: Chronic Overcapacity and Unsustainable Competition Deep Financial Stress Across the Industry Global Repercussions and Political Backlash A reminder our bonus shows are exclusively for our Patreon supporters. For the first 7 days, only Patreon insiders get early access, their name on the list of legends for Executive Producers and above, and the power to shape future shows. If being in the know and recognised as a supporter sounds like you, join us now at patreon.com/evnewsdaily and become part of something special.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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