China putting the squeeze on new ICE manufacturing facilities.

[gooki]

An interesting read on local demand for passenger vehicles in China.

The government is also on guard against excess capacity in production from developing and plans to ban new manufacturing plants for gasoline-powered vehicles unless the plant utilization rate of the region is above the national average.

Lots more goodies in the source.
https://asia.nikkei.com/Business/Companies/Automakers-in-China-put-the-brakes-on-production

Most Japanese and American brands facing significant reductions in demand, with a few exceptions.