China’s EV Overcapacity Dumps ‘New‑Used’ Cars

China’s subsidies and local production mandates have oversupplied the auto market, forcing dealers to register unsold cars to book 'sales' and then offload them to gray‑market aggregators who rebrand zero‑mileage vehicles as 'used' for export. Fire‑sale discounts, bulk 'sales,' and even car graveyards reveal a policy‑driven glut rather than real consumer demand. — It shows how industrial policy overproduction can warp global competition and invite trade retaliation, reshaping the EV transition and international markets.