BEIJING (AP) — The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market. China’s industrial policy has engineered a remarkable transformation to electric vehicles in what is the world’s largest auto market. In so doing, it has spawned far more makers than can possibly…
A senior executive from Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles (EVs), urged authorities on the mainland to intervene in the price war that is roiling the market for new energy cars. Ni Jun, CATL’s chief manufacturing officer, on Wednesday said the brutal discount war would not end if…
Chinese electric vehicle (EV) makers have shifted into a higher gear when it comes to launching new models, as they strive to stay ahead of the competition amid fast-changing consumer tastes. However, high development costs and a brutal price war are making it difficult for most of them to achieve profitability. More than 50 new…