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>and no market to sell

Uh..

If that's the case, then someone needs to tell that to all the people buying Chinese cars man.

The capacity they have far exceeds the sales. A lot of Chinese car companies will have to go bankrupt to balance supply and demand.

In exactly the same way as conglomeration occurred in the US car industry and across Europe during the 20th century.

read this article, it explains the situation well: