A brutal price war is raging across China's auto sector, catalyzing a profound overhaul of the world's largest car market, as makers of new energy vehicles and conventional fossil fuel cars face off to win a greater share of a market rattled by slowing sales.
Caixin
Chang'an, Chery, Dongfeng Motor join Tesla's China price war
Gasoline vs. EV battle likely to drive some automakers out of business
In the first two months, passenger car sales shrank 19.8%, after recording a 12.4% expansion in the second half of 2022
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