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Chinese automakers get stern 'price war' warning after discount spree
Chinese automakers get stern 'price war' warning after discount spree
Economy
by  AFP

A top industry group had a stern rebuke Saturday for automakers fuelling a "price war", a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit. Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two "entry-level" models through June 8.