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China's auto leaders warned against using price war to monopolize EV market

By Yonnex Li ( June 2, 2025, 06:09 GMT | Insight) -- China's auto industry association has sounded the alarm on cutthroat competition, urging market leaders not to seek monopolistic control amid an escalating price war in the electric vehicle sector. The Ministry of Industry and Information Technology immediately endorsed the initiative, signaling government concerns over the current market dynamics. China's auto industry association has sounded the alarm on cutthroat competition, urging market leaders not to seek monopolistic control amid an escalating price war in the electric vehicle sector....

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