Reports out of China indicate the Chinese Government is about to intervene in the country’s continuing electric car price war – the news comes as a number of state-owned car makers, particularly GAC and JAC, are struggling under price pressure, particularly from BYD. As I’ve reported before thousands of dollars has been slashed off the price of popular models as Chinese car makers try to gain as much market share as possible. GWM and Geely executives have already warned of the dire consequences of the price war with BYD, claiming Chinese cars are too cheap and unsustainable, and coupled with overproduction, making for an unhealthy market. GWM’s Chairman, Wei Jianjun, has warned of a potential industry collapse stating “if it continues like this, the safety of China’s auto industry will be seriously threatened.”

IMAGE CREDIT / GWM GLOBAL

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