China presses EV makers to end price war and focus on innovation as demand cools
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Chinese authorities are increasing oversight of the EV market, urging manufacturers to shift from price wars to technological innovation due to cooling demand and subsidy phase-outs. On March 17th, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the State Administration for Market Regulation met with 17 major carmakers to regulate competition. Officials pledged to strengthen price monitoring and cost investigations while emphasizing adherence to the 60-day payment cycle for suppliers. This push aims to stabilize the sector, address deflationary pressures, and improve supply chain profitability, which has been strained by extended payment cycles used to maintain competitiveness.
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AI-ExtractedCarmakers have been urged to strictly honour their 60-day payment cycle commitment to suppliers.
Officials vowed to strengthen price monitoring and cost investigations.
A meeting was held on March 17 with 17 major carmakers to regulate competition.
The directive comes as domestic manufacturers struggle with cooling demand and subsidy phasing out.
Chinese authorities are urging EV makers to end price wars and focus on innovation.
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