The new energy vehicle industry in China has started a price war
On March 11th, according to a report from CCTV Finance, due to the low price of lithium carbonate this year, conditions have been created for the price reduction of new energy vehicle models. Since late February, car companies such as BYD and Changan have successively lowered the prices of their models. The price adjustment mainly focuses on new energy pure electric and hybrid models, with some models experiencing a price reduction of nearly 15%. With the price war of new energy vehicles, it is expected that the market competition in the automotive industry will be more intense this year, while it will also further promote the promotion and application of new energy vehicles.
