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@ Yahoo! Finance - by layer3.news
2025-05-29 07:44:10
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✍️ China's auto industry is experiencing a price war, with shares of major automakers falling as electric-vehicle giant BYD offers discounts across multiple models, stoking fears of a shake-out in the market.
👉 BYD offers discounts across multiple models, cutting the starting price of its cheapest model to 55,800 yuan ($7,765)
👉 Shares of major automakers fall as a result of the price war
👉 China's state planner cautions that competition in some industries is getting too heated
👉 Suppliers are at risk of going under due to pressure from car companies to lower prices
👉 Predictions of consolidation in China's car market have gone on for years, but the field has only grown
#TuLe,managingdirectorofSinoAutoInsights #WeiJianjun,chairmanofGreatWallMotors #MichaelDunne,consultantwhocloselyfollowstheChinaautoindustry #China #business
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