22
Apr
16:45
NDRC expects intense NEV price war to continue
China’s National Development and Reform Commission (NDRC) said on Monday it expects the new energy vehicle (NEV) price war to remain intensified this year.
With over 110 NEV models set to be launched this year, out of a total of 150 new car models, competition is increasing in China amid lower demand. Falling battery costs and economies of scale may also contribute to further price cuts, Kallanish understands.
According to Reuters, the NDRC estimates marke…
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Anonymous
Very good overview of the weekly steel market.
Anonymous