Latest news with #BAICGroup
Independent Singapore
2 days ago
- Automotive
- Independent Singapore
Are China's EV price cuts going too far? Chinese official calls on automakers for ‘rational competition'
Photo: BYD BEIJING: A senior Chinese official called on major automakers for 'rational competition' in the electric vehicle (EV) industry on Thursday (July 17), Reuters reported, citing a statement from the industry ministry on Friday (July 18). Che Jun, who is the head of a Communist Party central leading group, made the remarks during a meeting with officials from the industry ministry, along with representatives from BYD and BAIC Group, after China's cabinet pledged it would step in to manage what it described as 'irrational' competition in the EV market and promised tighter price monitoring. Chinese regulators have urged automakers to stop excessive competition in the auto industry, describing it as 'irrational'. On Friday, the industry ministry, along with the market regulator and state planner, held a separate meeting with 17 major automakers, auto industry associations, and local officials to discuss the development in the EV sector. /TISG Read also: Singapore to get some BYD smart driving features by next year at the latest () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
CNA
3 days ago
- Automotive
- CNA
Chinese automakers should pursue 'rational competition' in EV industry, official says
BEIJING :Major automakers should push for "rational competition" in the electric vehicle industry, a senior Chinese official said on Thursday (Jul 17), according to a statement from the industry ministry published on Friday. The comments from Che Jun, head of a Communist Party central leading group, came a day after China's cabinet pledged to regulate what it called "irrational" competition in the EV market and vowed to strengthen price-monitoring. Che Jun spoke at a meeting attended by officials from the industry ministry and representatives from automakers BYD and BAIC Group. Authorities in China have urged companies to stop excessive competition in the auto industry and in more recent regulatory comments, described such competition as "irrational." On Friday, China's industry ministry, market regulator and state planner jointly held a separate meeting on the EV industry's development with representatives from 17 key auto enterprises, automobile industry association and local officials.
Yahoo
3 days ago
- Automotive
- Yahoo
Chinese automakers should pursue 'rational competition' in EV industry, official says
BEIJING (Reuters) -Major automakers should push for "rational competition" in the electric vehicle industry, a senior Chinese official said on Thursday, according to a statement from the industry ministry published on Friday. The comments from Che Jun, head of a Communist Party central leading group, came a day after China's cabinet pledged to regulate what it called "irrational" competition in the EV market and vowed to strengthen price-monitoring. Che Jun spoke at a meeting attended by officials from the industry ministry and representatives from automakers BYD and BAIC Group. Authorities in China have urged companies to stop excessive competition in the auto industry and in more recent regulatory comments, described such competition as "irrational." On Friday, China's industry ministry, market regulator and state planner jointly held a separate meeting on the EV industry's development with representatives from 17 key auto enterprises, automobile industry association and local officials. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
3 days ago
- Automotive
- Reuters
Chinese automakers should pursue 'rational competition' in EV industry, official says
BEIJING, July 18 (Reuters) - Major automakers should push for "rational competition" in the electric vehicle industry, a senior Chinese official said on Thursday, according to a statement from the industry ministry published on Friday. The comments from Che Jun, head of a Communist Party central leading group, came a day after China's cabinet pledged to regulate what it called "irrational" competition in the EV market and vowed to strengthen price-monitoring. Che Jun spoke at a meeting attended by officials from the industry ministry and representatives from automakers BYD ( opens new tab and BAIC Group ( opens new tab. Authorities in China have urged companies to stop excessive competition in the auto industry and in more recent regulatory comments, described such competition as "irrational." On Friday, China's industry ministry, market regulator and state planner jointly held a separate meeting on the EV industry's development with representatives from 17 key auto enterprises, automobile industry association and local officials.
The Sun
3 days ago
- Automotive
- The Sun
Chinese official urges rational competition in EV industry
BEIJING: A senior Chinese official has called for 'rational competition' in the electric vehicle industry, emphasizing the need for stability in the fast-growing market. Che Jun, head of a Communist Party central leading group, made the remarks during a meeting with industry representatives, including automakers BYD and BAIC Group. The statement, released by China's industry ministry, follows recent government pledges to regulate 'irrational' pricing and market practices. China's cabinet had earlier vowed to enhance price monitoring to prevent destabilizing competition. 'Major automakers should work together to ensure healthy market growth,' Che Jun said. The meeting included officials from the Ministry of Industry and Information Technology, signaling stronger oversight in the EV sector. China, the world's largest EV market, has seen rapid expansion but also concerns over price wars and unsustainable competition. The government's latest move aims to balance innovation with market stability. - Reuters
