China’s Vice-Minister of Industry and Information Technology has claimed that Beijing will begin clamping down on excess electric vehicle manufacturing capacity within the country, speaking of an unnatural excess that will go underutilized relative to China’s global export capabilities. It’s a well-established fact at this point that China has far more manufacturing capacity of both EVs and batteries than it realistically needs for both domestic demand and exporting purposes. Its lithium iron phosphate (LFP) battery supply remains roughly double its domestic production, with some factories regularly seeing sub-40% utilization rates having built seemingly for the sake of using construction material, rather than through analysis of market fundamentals. Will this be a significant matter of importance for regions dependent on Chinese…