China's top auto association urges industry's price wars to stop
ReutersMay 31, 2025 12:58 AM
SHANGHAI, May 31 (Reuters) - The China Association of Auto Manufacturers on Saturday called on automakers not to dump goods at prices below cost, saying that the industry's price wars are impacting its profitability and efficiency.
It said a new round of price war "panic" had started in China after an automaker, which it did not name, offered substantial discounts on May 23.
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