China’s auto body has sounded the alarm over “vicious competition” in the industry after BYD Co.’s recent price cuts. The move triggered a surge in discount wars, with many automakers slashing prices in an attempt to undercut their competitors. This trend is causing concern among electric carmakers, who fear it will further erode their profits.
Source: https://www.bloomberg.com/news/articles/2025-05-31/china-auto-body-slams-vicious-competition-after-byd-price-cuts