Global Time: US accusation of ‘overcapacity’ in China a discourse trap to contain green industries: expert 《環球時報》：專家稱美國指責中國「產能過剩」是遏制綠色產業的話語陷阱

The penetration rate of China’s passenger new-energy vehicles (NEVs) exceeded 50 percent in the first half of April, as reported by China Central Television (CCTV) on Sunday, outperforming traditional fuel passenger vehicles and marking the rapid development of the NEV sector in China amid full market competition.

The US accusation of “overcapacity” in China is a discourse trap that aims to contain China’s development of green industries amid its growing international competitiveness, Chinese observers said, stressing that the increasing self-isolation of the US will disrupt global automobile industrial and supply chains and eventually harm the interests of American consumers.

From April 1 to 14, retail sales of passenger NEVs stood at 260,000 units, up 32 percent year-on-year, according to data from the China Passenger Car Association.

It means that the penetration rate of passenger NEVs reached 50.39 percent, state broadcaster CCTV reported on Sunday.

The latest data underscored the rapid development of China’s NEV sector amid market competition, with more consumers choosing to buy NEVs due to their lower prices, better experience and other factors, Wu Shuocheng, a veteran automobile analyst, told the Global Times on Sunday.