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The Economic Times

Global Business / The Economic Times

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BYD car discounts show Chinas EV price war is getting worse

China's car market faces fierce price competition. BYD and rivals are increasing discounts despite government calls to stop. This intense rivalry is pushing companies to seek growth overseas. Overcapacity is a major issue, with factories producing far more cars than are sold domestically. This situation impacts the entire automotive system, including used car values.

24 Apr 2026 12:01 pm