Expert: China's NEV companies already have the ability to cut prices, but price reduction is not a necessary option

Breakings ·  Mar 2 19:48
Just after the Spring Festival, new energy brands such as BYD, Changan Qiyuan, Nacha Auto, and SAIC-GM-Wuling cut prices one after another. Wang Du, assistant president of the China Automobile Dealers Association, said, “The main category with reduced prices is new energy vehicles. Now China's new energy vehicle companies have strong strength, are progressing very fast, and are also very large-scale. They already have the ability to cut prices and directly compete with fuel trucks. This is one of the main reasons why they have begun to cut prices.” (CCTV Finance)

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