FB Pixel no scriptChina signals crackdown on EV price war
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KrASIA
Jul
4

China signals crackdown on EV price war

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China is signaling a crackdown on the destructive EV price war, as officials warn of long-term risks to the domestic automotive sector. BYD’s deep discounts in May drew backlash from rivals and regulators, prompting 17 automakers (including BYD) to pledge supplier payments within 60 days, a move aimed at easing supplier financial strain and curbing excessive competition.
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