China vows to curb EV price wars, calling it 'irrational'

12 hours ago 1
many Xiaomi SU7 electric cars at delivery center

China's government is taking decisive steps to regulate its fiercely competitive electric vehicle (EV) market amid growing concerns over irrational price wars, oversupply, and threats to industry sustainability. These actions are paired with new measures to boost domestic consumption and support continued EV adoption.

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