CBN丨China to consolidate overcrowded electric vehicle industry

China, which built its electric-car industry into the world’s biggest, is putting a new focus on making bigger and stronger makers, after a decade-long nurturing of the sector led to the emergence of too many players, which has ballooned to about 300. Regulators are considering setting a minimum production capacity utilization rate for the industry, and provinces that aren’t meeting it won’t be allowed to approve new projects until surplus capacity comes online.