Consolidation in China’s auto sector is long overdue. But can Beijing stomach the damage to China’s economy?
He Xiaopeng, Chairman and CEO of Xpeng, presents his company's latest Smart EV model, the X9 model EV for the Chinese market at Auto Guangzhou, November 17, 2023. Credit: XPENG
Nobody expected China’s automakers to wage war for so long.
An excerpt from a Xinhua article with comments from a Ministry of Industry and Information Technology official on China's auto industry, May 31, 2025. Credit: Xinhua
Since the start of 2023, a vicious battle between China’s incumbent and up-and-coming automakers has sent the price of passenger vehicles into a downward spiral. Best-selling cars are on average a fifth cheaper today than they were two years ago. To pay for their
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