GM CEO Mary Barra says there's 'over capacity' in China's EV market

Source: Business Insider

"You can't have over 100 different OEMs in a country trying to compete, especially now as they're competing on price," GM CEO Mary Barra said of China's EV market. Kayla Bartkowski via Getty ImagesFar too many Chinese automakers are making too many EVs, says General Motors CEO Mary Barra. "Right now, there is an incredible price war going on," Barra said.