Friday, 4 July, 2025

China Clamps Down on EV Price Wars to Safeguard Industry Stability

China is moving to ease destructive price wars in its electric vehicle market, spotlighting BYD’s aggressive discounts and oversupply risks. The government and industry groups have urged fairer competition and tighter supplier payment cycles. Seventeen automakers, including BYD, pledged to pay suppliers within 60 days—echoing lessons from past real estate crises. These actions aim to stabilize prices, protect margins, and support sustainable EV growth.