China's automotive market remains caught in an intense price war, with competition becoming increasingly cutthroat over the past two years. This has forced weaker brands out of the market one by one.

Technology does not need to be high-end and they can fight a price war here," said Yale Zhang, managing director at Automotive Foresight. "It's a little like DeepSeek," he said, referring to the ...

Industry analysts said these developments indicate that the prolonged "coffee price war" in the Chinese market over the past two years is now gradually coming to an end. Luckin has raised the ...

China-based TV manufacturers, including TCL and Hisense, are aggressively challenging South Korea-based competitors by leveraging their price advantages. In response, Samsung Electronics and LG ...

In February 2023, Cotti took the price war to the next level, introducing a nationwide all-products price of 9.9 yuan, which it vowed to maintain for the next three years. Facing this relentless ...

“A price war with the U.S. would involve OPEC+ producers maximizing their output to undercut prices and drive shale production into decline,” the analysts said in the report. “Given that the ...

The solution isn't to lower your prices and engage in a price war, because the result is lowered profitability for everyone involved. So, what can you do to compete? Before you decide on your strategy ...

Millions of auto workers and suppliers in China are feeling the heat as the electric vehicle (EV) price war forces carmakers to shave costs anywhere they can. “SAIC-VW used to be the best ...