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Global Business News

The Economic Times

Global Business / The Economic Times

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China's car glut has long flooded the world. Now comes the cleanup

China's auto industry faces a major reset as production exceeds domestic demand significantly. Toyota's planned joint venture consolidation with Chinese partners is an early indicator. Excess production is pushing Chinese automakers to export aggressively, causing global trade responses. Analysts predict a broad industry restructuring over the next two to three years. This consolidation aims to improve efficiency and address the challenges of overcapacity.

17 Sep 2026 12:08 pm