The disorderly price war has intensified vicious competition and will further squeeze corporate profit margins, CAAM warned.
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Category: Policy News
China's commerce ministry will meet with industry bodies and automakers to discuss the sales of used cars that have never been driven, Reuters reported.
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BEVs contributed 27.61 percent of China's passenger car retail sales in 2024.
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Chinese regulators are beginning to regulate car companies' marketing of driver assistance features and the implementation of OTA updates.
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Shanghai now allows non-locally registered vehicles to be used to apply for trade-in subsidies of up to RMB 15,000.
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China is delaying approval for BYD and Geely to produce cars in Latin America as US tariffs fuel trade and economic uncertainties, Reuters reported.
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About 116,000 vehicles were exported from China to the US in 2024 and were dominated by US-branded models, analysts said.
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Li Auto's weekly sales leaderboard, which it shares every Tuesday, may not continue to be published.
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Li Auto's weekly sales leaderboard, which it shares every Tuesday, may not continue to be published.
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Starting April 1, Shanghai will subsidize 40 percent of equipment investments in battery swap stations open to other brands for a period of five years.
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