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Beijing (AP) – The Chinese government is sufficient when it comes to violent competition in the country Electric car market.
China’s Industrial Policy Engineer a remarkable transformation Electric vehicles with the world’s largest auto market. When you do it, it was more likely to fove to the manufacturer than to save his life. Now, as the title sounds up to new heights, the excessive and weaker price wars, boats, pricing wars, the pricing wars are the lead.
Market-leader Byd This week, in the first six months of the year, he announced the 31% increase in sales. About half of them were clean electric vehicles, and the rest were plugin hybrids, the stock exchange is stated in the stock exchange. The company took out their internal combustion cars in 2022.
By the end of May, in late May, when a new price of a price cut came under the finer coated criticism, and several opponents followed. The chairman of the large wall engines continues to the same trajectory, warned the industry can be threatened.
“When volumes grow, it is more difficult to manage and you said the Lei Xing, which is an analytical analytical that follows the industry.
The government is initially a while in China, which is initially applied to companies and industries that are applied to the rat race for young people in China and now.
BYD came under criticism for use his dominant position Some of them are unfair considerations, sparking price wars, which caused the industry in the industry, said Musty Grandiyan, Murny Grandiya, who has a financial risk analyst in the globallat.
Chinese cars with the price war in the fourth year Looks abroad for profit. BYD’s foreign sales increased by more than 464,000 in the first half of this year. There are concerned governments in the United States and EU Tariffs presented China, in electric vehicles, said that subsidies have given them an unfair advantage.
Market leader BYD is under attack
When cut the price of more than 20 models on May 23, the latest battle of the hand has started.
On the same day, the chairman of the Great Wall Motor Wei Jianjun, said he was a pessimistic called the “healthy development” of the home market. Made a comparison EgregreChina property giant, which sends the whole industry with a decline that does not yet recover.
“Evergrand in the automotive industry is already available, but it is still an explosion,” he said.
