China's Excess of Unused Car Factories Causes Desolation

Daily Dumpling: China's Excess of Unused Car Factories Causes Desolation

In Chongqing, western China, an immense car factory complex, once a joint venture of a Chinese company and Hyundai, now lies desolate. With car sales decreasing as electric vehicles gain popularity, the future of the automobile industry in China is in transition. The shift to electric vehicles is leading to overcapacity in gasoline-powered car manufacturing and the closing of many factories. The repercussions extend beyond China, affecting global car producers. The industry is experiencing a revolution, with significant implications for the workforce and economic growth. The transition is anticipated to last years and will likely result in the closure of numerous factories. The challenge of re-employment affects both skilled and semi-skilled workers, with potential repercussions for local economies. The slowdown in demand and the shift in manufacturing present challenges for the industry and workers in Chongqing and beyond.

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