China is speeding up the industrialization of new energy vehicles and energy efficient automobiles as a way to offset pressure from booming auto capacity, which will hit 200 million by 2020.

据报道，到2020年中国汽车保有量将达到2亿辆，中国五分之一的城市污染严重，其中汽车尾气是污染的主要贡献力量。

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The result is a capital-spending spree so large, and resulting new manufacturing capacity so great, that it could be the cause of the next collapse and shakeout in the global auto industry.

于是巨大的资本投入开始了，随之而来的就是产能的大幅提高，而这极有可能成为全球汽车行业下一轮危机的导火索。

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He says the company's small auto-making capacity is another risk.

另外他说，该公司的汽车产能过低也是一个风险。

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The merger of Chrysler and Daimler-Benz was motivated by the enormous excess auto capacity -- worldwide, probably 20 million units.

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Thomas Choi, an analyst for Samsung Securities, estimates that world auto manufacturing capacity now is 40% more than demand.

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As we have mentioned in previous articles, the European auto industry is plagued with overcapacity issues, but the labor unions and the governments have made it enormously difficult for the auto companies to reduce capacity in order to protect jobs.

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