Beijing calls for an end to the price war among top EV makers following Tesla’s price reductions in the face of increasing competition.
A senior inspector in the Ministry, Miao Changxing said, “China’s car industry needed to avoid “reckless” price-cutting.”navigation in an increasingly tough US-China business landscape as well as rising competitiveness in China, the world’s biggest EV market.
Tesla and BYD, backed by business magnate and investor Warren Buffett, emerged as the primary beneficiaries who continued to experience surging sales while smaller rival firms suffered a decline in numbers.Watch what David Welch ofMusk became one of the richest people in the world by successfully expanding business in the West and capitalizing on the substantial increase in Tesla's stock market value during the final years of the US bull market.
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