China urges halt to auto industry's bruising price wars
- China urged its automotive industry to stop harmful price wars due to threats to the sector's health, according to the Ministry of Industry.
- The Ministry will work with law enforcement to address unfair competition and implement necessary regulatory actions.
- Significant price cuts by BYD led competitors like Geely and Chery to reduce their prices as well.
- An official stated that price wars result in 'no winners and no future,' emphasizing the negative market impact.
98 Articles
98 Articles
CAMPI backs law to formalize auto incentives - BusinessWorld Online
THE Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) said the government should enshrine in law a car manufacturing incentive program to attract more car manufacturers. “We want consistent policy implementation. Incentives like the Comprehensive Automotive Resurgence Strategy (CARS) program, which was an executive order, should be legislated,” CAMPI President Rommel R. Gutierrez. “This will make incentives long term. Investme…
Automaker Geely unveils new 'super' pickup that's unlike anything you've ever seen: 'Not just another vehicle in the market'
Chinese automaker Geely just dropped a game-changing electric hybrid pickup that's sending shockwaves through the auto world. The new Radar RD6 Super Pickup boasts a record-breaking 620-mile range, lightning-fast acceleration, and enough plug-in power to juice up your campsite — or your neighbor's EV. With its bold design and powerhouse performance, this is no ordinary truck. "Geely's Radar pickup is not just another vehicle in the market; it r…
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