China Pledges To Curb EV Price Wars Amid Deflation Worries
China has vowed to rein in “irrational competition” in its electric vehicle (EV) sector as deflationary price wars threaten economic stability and industrial progress, according to a new report from Bloomberg.
The pledge came from a State Council meeting led by Premier Li Qiang, where officials emphasized guiding automakers toward innovation and higher quality rath…
China Pledges To Curb EV Price Wars Amid Deflation Worries
July 19, 2025