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Chinese officials have investigated the leaders of large electric vehicle manufacturers, including BYD Co. leaders, to address the concerns of the Price War in this week, to get acquainted with the issue.
The meeting was hosted by the Ministry of Industrial and Information Technologies, Market Regulator and the Highest Economic Planning Agency, said that this would not be found to discuss personal information. At the meeting, Zhejiang Geely Holding Group Co. And more than many manufacturers in Xiaomi Corp. were more highly produced.
Authorities have made “self-regulatory” to domestic manufacturers, and the price did not sell the following cars or offered unjustified price. They also appealed to issues such as “zero distanceCars and assembly documents that increase cash flow along the supply chain and suppliers with cash flow such as quasi-debt financing for cars.
For China’s market, industrial and economic regulators, along with the joint automotive industry, it is rare to meet with the price of valuable work. The action shows how much the nation’s highest management is researched to the sector, the pricing war, the unstable the price war and weak companies can become bankrupt. However, the collection did not result in a compulsory direction, and it is not clear which results will face if producers comply with the verbal warnings.
Byd and Xiaomi did not meet the desires of the comments. A representative of the latest speech by the chairman of the company Li Shufu has determined the company’s pricing wars and said that the company will compete with technology and its values
The Ministry of Industry and Information Technologies, the State Administration for Market Regulation and National Development and Reform Commission, did not answer questions by fax. The Ministry of Commerce said on Thursday in an ordinary briefing in an ordinary briefing to strengthen management for the auto industry, to ensure fair competition and promote healthy development.
Warnings come after BYDuniteThe last round of the last month with a 34% discount, with a 34% discount, which criticizes industrial organs and state media.
Unlocked by BYD, China Automobile Manufacturers Association has been releasedstatementThe “Price War” and a “bad time” and the “bad period” and the “bad period” and the supply chain “Price War Panic” began with a certain company. “Irregular price wars strengthen the violent competition, which further tightens corporate earnings margins,” he said.
Directed by the Communist Party, including Xinhua, directly managed media bodies, people’s daily and public broadcaster CCTV all published reports have reports published in recent daysstandDiscount andrestoreorder in industry. Otherwise, this can cause low-valuable and poor quality products that will harm the international reputation and China’s “China in China.”
The session of this week’s second time in recent days was the heads of the industry that was rehabble on Zero-mileage – a practice that they could not charge new vehicles to supply car dealers that cannot meet sales targets.
These are, in fact, new cars, later, notice as sales, although new cars and manufacturers do not reach the final consumer. The Ministry of Commerce also met with at least two large carmakers and car platforms used in the last week.
Carmakers are trying to cross the hit from the Price War for prices, they require low prices for partscause to delaymonths paying for months. The price was cutrequireLast year, one of the latest suppliers from the latest suppliers and explored how to use the media to finance the ball behemoth, the balloon could not mask. Accounting Consulting Report GMT Research shows the truth of BYDfairAs of June 27.7 billion yuan, 323 billion yuan compared to 323 billion yuan, 323 billion yuan ($ 45 billion), officially delayed by suppliers and other related financing, officially in their books.
This story was first displayed Fortune.com
