Reported about 1 year ago
In recent years, China's electric car market has been rapidly growing, leading to fierce competition among industry players, resulting in intense internal competition and price wars. While some like BYD have managed to remain profitable, most companies are struggling. During recent auto industry events, prominent figures in the industry have expressed concerns about internal competition and price wars, with disagreements and criticisms emerging among competitors. The debate highlights the challenges faced by Chinese car manufacturers in maintaining profitability amidst increasing competition and price pressures.
Source: YAHOO