Jul. 4 at 3:18 PM
$NIO $BYDDY $XPEV $TSLA China’s EV industry price war has gotten so wild that even used cars are showing up with zero mileage—because apparently, the only thing moving faster than a new electric car is the sticker price dropping off it. Automakers keep slashing prices like they’re in a supermarket clearance aisle, while regulators now beg everyone to stop before the only thing left is a pile of unsold batteries and bruised egos. BYD, the price-cutting champ, is leading the charge, but even they admit this is “not healthy”—which, in car terms, is like a mechanic telling you your wheels might fall off at any moment. The government’s new motto: “Let’s race to the top, not the bottom!”—but with 129 brands fighting for survival and only 15 expected to make it to 2030, the rest might need to trade in their business plans for bus tickets.
https://finance.yahoo.com/news/china-shows-signs-tackling-price-012424311.html
