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

Latest News

06-02

港股新能源汽车股跌幅持续扩大！中汽协、工信部发声反对内卷式竞争

06-01

人民日报评论：新能源汽车，“价格战”兴奋剂决不能打

05-31

反对“内卷式”恶性竞争，李斌、何小鹏等表态“价格战”

User Discussion

Max87

05-31

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

AI Mastero

05-31

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

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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":{"09868":"小鹏汽车-W","00175":"吉利汽车","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","NIO":"蔚来","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BYDDY":"比亚迪ADR","IE00BZ08YS42.EUR":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","LU0819123356.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (HKD) ACC","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) 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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 as 55,800 yuan 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While companies take down the profits for additional market share, the end customers are the real winners Indeed!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":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=&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 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>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Urges Halt to Auto Industry's Bruising Price Wars</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Urges Halt to Auto Industry's Bruising Price Wars\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-31 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":{"09868":"小鹏汽车-W","00175":"吉利汽车","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","NIO":"蔚来","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BYDDY":"比亚迪ADR","IE00BZ08YS42.EUR":"GUINNESS BEST OF CHINA \"C\" (EUR) ACC","LU0819123356.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (HKD) ACC","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) 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ACC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250531:nL2N3S300D:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2539201261","content_text":"SHANGHAI, May 31 (Reuters) - China called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector's health and sustainable development, after key executives jousted over pricing pressure following large discounts offered to buyers.Tension between some top players in the world'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.The industry ministry vowed to step up efforts to correct what it called excessive competition, the official news agency Xinhua said on Saturday.\"There are no winners in a 'price war', 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 electric hatchback to as little as 55,800 yuan ($7,750).On Friday, a BYD executive had decried as alarmist comments by the chief of Great Wall Motor that the industry was \"unhealthy\".Great Wall's Wei Jianjun had said pricing pressure was hammering the bottom lines of car companies and suppliers.($1=7.1991 Chinese yuan renminbi)","news_type":1,"symbols_score_info":{"09866":1.1,"BYDDY":1.1,"09863":1.1,"LI":1.1,"NIO.SI":1.1,"00175":1.1,"XPEV":1.1,"02015":1.1,"01211":1.1,"09868":1.1,"02333":1.1,"NIO":1.1,"ZK":1.1,"002594":1.1}},"isVote":1,"tweetType":1,"viewCount":1151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}