‘Do or die’ for small carmakers: China market braces for 156 new models as price war looms

A record 156 new models are expected to hit the Chinese automotive market in the second half of 2026, intensifying concerns about small players’ profitability as a new price war looms.The mass-market segment would see an influx of intelligent electric vehicles (EVs) priced at around 100,000 yuan (US$14,740), but only leading carmakers were expected to secure large orders thanks to their brand awareness and production advantages, analysts said.“Demand for new cars has rebounded but it is not enough to shore up carmakers’ profitability,” said Eric Han, a senior ­manager at Shanghai consultancy Suolei. “New models will drive overall deliveries of mass-market brands, but some companies may face a do-or-die situation due to escalating competition.”