SHANGHAI -- Car sales are weighing on China's consumption growth as domestic electric vehicle makers roll out cheaper models to boost market share.
Economy
Automobile price war weighs on China's consumption recovery
Budget EVs under $10,000 spark fierce competition among Chinese carmakers
Geely Galaxy’s Star Wish, an electric vehicle with a starting price of $9,500, was China’s top-selling model in April. (Photo by Tomoko Wakasugi)
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