Story perspectives
China's Auto Industry Urged to End Price Wars
6/1/2025
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Story summary
- The China Association of Automobile Manufacturers (CAAM) called for an end to damaging price wars among automakers.
- Aggressive discounts from a leading automaker raised fears of renewed price competition.
- CAAM stressed the importance of fair competition to protect consumer rights and industry stability.
- Automakers should avoid below-cost sales and comply with regulations for sustainable growth in the new energy vehicle sector.
