Volkswagen joins Tesla in accelerating China's auto price war

Failed industry attempt to avoid 'abnormal pricing' leads to second round of cuts

20230828N VW

An ID.3 electric vehicle on display at an SAIC Volkswagen Automotive dealership in Shanghai in late August. (Photo by Tomoko Wakasugi)

TOMOKO WAKASUGI and SHUNSUKE TABETA, Nikkei staff writers

SHANGHAI/HONG KONG -- The price war has flared up once again in China's auto market, as the Volkswagen Group jumps into the fray with other players dangling deep discounts to spur demand.

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