#oversupply

#oversupply

Tompkins, who is the third generation to run his family's 234-hectare (600-acre) farm in the Vale of York, can produce milk for about 40p a litre from his 500-strong herd of black and white Holstein cows. However, he is being paid only 29p a litre by his milk processor, leaving him operating at a loss, despite trying to run his business as efficiently as possible.

By some counts, there are over 100 electric vehicle (EV) companies in China. People who watch the industry closely believe that only a very small number will survive. Those in trouble have even stopped paying their suppliers. The argument about the future of Chinese car companies is simple. Government policy helped almost all these companies launch into the world's largest market for EVs.