China's Electric Vehicle Price War Leaves a Trail of Destruction A bombshell report has revealed that China's cutthroat electric vehicle (EV) market has been ravaged by a price war that has left nearly 70% of the country's car sales unprofitable. In a bid to dominate the global EV market, Chinese manufacturers have been flooding the market with affordable electric vehicles, often at a loss. The devastating consequences of this strategy have forced many domestic rivals to the brink of collapse, as they struggle to compete with the aggressive pricing and massive production capacities of industry giants like BYD and Geely. As the EV market continues to cool down, analysts are warning that the long-term sustainability of China's EV industry hangs in the balance.
China's EV price war crushed rivals by leaving 70% of its own car sales unprofitable The Cool Down
