While auto industry needs pric

While auto industry needs price moderation, it is hard to believe "no winners in a price war". While companies take down the profits for additional market share, the end customers are the real winners Indeed!

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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While companies take down the profits for additional market share, the end customers are the real winners Indeed!","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/440883014754832","repostId":2539201261,"repostType":4,"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":"sg","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":{"LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","002594":"比亚迪","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","NIO.SI":"蔚来","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","01211":"比亚迪股份","NIO":"蔚来","LU0828238088.HKD":"SCHRODER ISF GLBL EMGNG MKT OPPS \"A\" (HKD) ACC","LU0505663152.USD":"abrdn SICAV I - FUTURE MINERALS \"A\" (USD) ACC","BK0188":"融资融券","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","BK0012":"证金概念","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc 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let alone a future,\" the 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 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