The Great Narrative: Computers on wheels – China's EV bubble is bursting open.

China's BYD suffers a 18% decline in its annual net profit in a background of a very weak domestic economy and a collapsing world EV market.

"China already survived one massive bubble: real estate. Now it’s walking straight into another one—and this time, the consequences could be far worse. 

"In this video, I break down why China’s electric vehicle boom is starting to crack beneath the surface. From overcapacity and brutal price wars to collapsing profit margins and hidden systemic risks, this industry may not be the growth engine everyone thinks it is. This isn’t just about cars. It’s about what happens when a country bets its entire economic future on one sector—and that sector starts to fail. 

"If the EV bubble bursts, the impact won’t stay in the auto industry. It will ripple through jobs, infrastructure, and ultimately, confidence in China’s entire economic model."

More in the Ken Cao video.

Location: China

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