China's state planner warns intensified EV price war on oversupply
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Prices of EVs, plug-in hybrids fall in Chinese city of Shenzhen, state planner says
China's state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday. The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total of 150 new cars launched this year, intensifying competition. NDRC also estimated the market demand for new energy vehicles, including EVs and plug-in hybrids,...
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Prices of EVs, Plug-In Hybrids Fall in Chinese City of Shenzhen, State Planner Says
SHANGHAI (Reuters) - Prices of electric cars and plug-in hybrids in China's Southern Shenzhen city, a metropolis with high EV adoption, have fallen 5% to 10% this year, the country's state planner said on Monday.BYD and Denza cars have been leading the price cuts with reductions of 7.15% to 9.7% to the prices of five models in April compared to those at the beginning of the year, according to a statement of National Development and Reform Commission (NDRC).NDRC cited oversupply, falling battery...
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House Panel Says China Subsidizes Fentanyl Production To Fuel Crisis In The United States
China is fueling the fentanyl crisis in the U.S. by directly subsidizing the manufacturing of materials that are used by traffickers to make the drug outside the country, according to a report released Tuesday by a special House committee focused on countering the Chinese government. Committee investigators said they accessed a government website that revealed […]