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China mandates price caps on American Axle's Dowlais deal despite EV shift

By Yonnex Li ( January 19, 2026, 08:03 GMT | Insight) -- China's antitrust regulator has imposed stringent price curbs on American Axle & Manufacturing's takeover of Dowlais Group in conditionally approving the $1.44 billion deal. The five-year restriction reflects Beijing's concern about market concentration even as its own review acknowledged that China's electric vehicle boom is shrinking demand for gasoline drivetrain components.China's antitrust regulator has imposed stringent price curbs on American Axle & Manufacturing's takeover of Dowlais Group, underscoring Beijing's concern about market concentration even as demand for gasoline drivetrain components shrinks amid the country's rapid shift to electric vehicles....

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