Zhu Huarong, Chairman of Changan Automobile, believes that the decline in the utilization rate of power battery industry capacity reflects the severity of the possible overcapacity.

Zhu Huarong, chairman of Changan Automobile, said that the reduced capacity utilization rate in the power battery industry reflects the severity of the possible overcapacity. The current planned capacity of the power battery industry may have reached 4,800GWh.