This level of gov intervention

This level of gov intervention is unprecedented. Nature of market is to compete till the few with unique desirable characteristics were left to dominate the market. The industry gov interfere seems to also be selective toward industry which state governments has the most interest.

China Urges Halt to Auto Industry's Bruising Price Wars

China Association of Automobile Manufacturers releases initiative to oppose "involution" vicious competition

The China Association of Automobile Manufacturers issued an important initiative to oppose vicious competition within the industry and call on enterprises not to participate in disorderly price wars and maintain fair competition order.

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The industry gov interfere seems to also be selective toward industry which state governments has the most interest.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/440858149122552","repostId":2539201261,"repostType":2,"repost":{"id":"2539201261","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1748659500,"share":"https://ttm.financial/m/news/2539201261?lang=en_US&edition=fundamental","pubTime":"2025-05-31 10:45","market":"nz","language":"en","title":"China Urges Halt to Auto Industry's Bruising Price 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Xinhua said on Saturday.</p><p>&#34;There are no winners in a &#39;price war&#39;, let alone a future,&#34; the agency cited an unidentified ministry official as saying.</p><p>The comments came after fresh incentives offered last week on more than 20 models by electric vehicle giant BYD, that prompted several rivals, such as Geely and Chery, to follow suit.</p><p>The ministry&#39;s comments echo a similar call, also on Saturday, by the China Association of Auto Manufacturers (CAAM) for a truce in the price wars, saying they affect profitability and efficiency.</p><p>It added that a new round of price war &#34;panic&#34; was touched off in China after substantial discounts offered on May 23 by an automaker it did not identify.</p><p>It proposed remedies such as auto companies sticking to the principle of fair competition and larger players refraining from market monopolies.</p><p>&#34;Apart from reducing the price of goods according to law, enterprises shall not dump goods at prices 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10:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SHANGHAI, May 31 (Reuters) - China called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector&#39;s health and sustainable development, after key executives jousted over pricing pressure following large discounts offered to buyers.</p><p>Tension between some top players in the world&#39;s largest auto market has spilled into the open as competition intensifies, with price wars begun in early 2023 showing little sign of abating, despite concern among both government and industry.</p><p>The industry ministry vowed to step up efforts to correct what it called excessive competition, the official news agency Xinhua said on Saturday.</p><p>&#34;There are no winners in a &#39;price war&#39;, let alone a future,&#34; the agency cited an unidentified ministry official as saying.</p><p>The comments came after fresh incentives offered last week on more than 20 models by electric vehicle giant BYD, that prompted several rivals, such as Geely and Chery, to follow suit.</p><p>The ministry&#39;s comments echo a similar call, also on Saturday, by the China Association of Auto Manufacturers (CAAM) for a truce in the price wars, saying they affect profitability and efficiency.</p><p>It added that a new round of price war &#34;panic&#34; was touched off in China after substantial discounts offered on May 23 by an automaker it did not identify.</p><p>It proposed remedies such as auto companies sticking to the principle of fair competition and larger players refraining from market monopolies.</p><p>&#34;Apart from reducing the price of goods according to law, enterprises shall not dump goods at prices below cost,&#34; it added.</p><p>BYD&#39;s incentives, which include government trade-in subsidies, can cut the domestic cost of its BYD Seagull electric hatchback to as little as 55,800 yuan ($7,750).</p><p>On Friday, a BYD executive had decried as alarmist comments by the chief of Great Wall Motor that the industry was &#34;unhealthy&#34;.</p><p>Great Wall&#39;s Wei Jianjun had said pricing pressure was hammering the bottom lines of car companies and suppliers.</p><p>($1=7.1991 Chinese yuan renminbi)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0633140727.USD":"AB EMERGING MARKETS MULTI ASSET PORTFOLIO \"AD\" (USD) INC","NIO":"蔚来","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK0169":"共享汽车","09863":"零跑汽车","02333":"长城汽车","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU0084288322.USD":"Natixis Asia Equity RD 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agency cited an unidentified ministry official as saying.The comments came after fresh incentives offered last week on more than 20 models by electric vehicle giant BYD, that prompted several rivals, such as Geely and Chery, to follow suit.The ministry's comments echo a similar call, also on Saturday, by the China Association of Auto Manufacturers (CAAM) for a truce in the price wars, saying they affect profitability and efficiency.It added that a new round of price war \"panic\" was touched off in China after substantial discounts offered on May 23 by an automaker it did not identify.It proposed remedies such as auto companies sticking to the principle of fair competition and larger players refraining from market monopolies.\"Apart from reducing the price of goods according to law, enterprises shall not dump goods at prices below cost,\" it added.BYD's incentives, which include government trade-in subsidies, can cut the domestic cost of its BYD Seagull electric hatchback to as little 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