Beijing (AP) – The Chinese government indicates enough when it comes to fierce competition in the country Electric car market.
The Chinese industrial policy is designed Remarkable To electric cars in what is the largest car market in the world. In doing this, I was born more than my makers than he could survive. Now, the long fears of the increase in the increase in wars in the foreground, even with the rise of the main sales numbers to new horizons.
Market leader Byd This week announced that its sales grew by 31 % in the first six months of the year to 2.1 million cars. He said approximately half of the pure electric vehicles and the rest was the hybrid deposit in the files of the Hong Kong Stock Exchange. The company connects the internal combustion engine cars in 2022.
BYD was subjected to veiled criticism in late May when she launched a new round of price cuts, and many competitors followed his example. Great Wall Motors has warned that the industry may be threatened if it continues on the same path.
“When the volume of folders increases, it is very difficult to manage and become bullseye,” said Lee Xing, an independent analyst who follows the industry.
The government is trying to curb the so -called “engagement” – a term initially applied to the mice race for youth in China and now to companies and industries participating in meaningless competition that does not lead to any place.
BYD is criticized for use Her dominant position “Some consider unfair wars that raise prices that have caused losses throughout the industry.
With price war in its fourth year, Chinese auto manufacturers Looking outside For profits. BYD sales abroad multiplied to 464,000 units in the first half of this year. Governments concern in the United States and the European Union Disputed customs duties On the electric cars made in China, saying that the benefits gave them an unfair advantage.
Market captain BYD is attacked
The last handwriting seizure began when the BYD reduced the price of more than 20 models on May 23.
On the same day, Great Wall Motors, Wei Jianjun, said he was pessimistic about what he called the “healthy development” of the EV market. Compare with EGREGREThe Chinese real estate giant, who sent the collapse of the entire industry to a contraction that has not yet recovered.
He said in a video posted on social media: “Evergrande in the auto industry is already present, but it has not yet exploded.”
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