China Green Bulletin: Brutal Price War Is Reshaping China’s Auto Industry
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A profound overhaul of the world’s largest car market has been spurred by a brutal price war raging across China’s auto sector, as slowing sales caused makers of new-energy vehicles and conventional fossil fuel cars to face off for a greater share of the market. Elon Musk’s Tesla kicked off the intense competition, with BYD, XPeng and Nio joining the fray. Read more here for how the bruising contest is reshaping China’s auto market.
Caixin Insight, the research arm of Caixin Global, is a strategic advisory helping clients assess policy risk and macroeconomics in China.
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