20 Feb China’s EV price war to hot up as carmakers respond to BYD’s discounts and apply more pressure on petrol vehicle industry
Posted at 13:00h
in Asia
Three carmakers, including a General Motor’s (GM) venture, have priced their electric vehicles (EVs) below the 100,000 yuan (US$13,894) threshold in China, firing the first salvo in a price war that could reshape the country’s automotive sector.SAIC-GM-Wuling – GM’s three-way venture with Chinese partners SAIC...