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Caixin Global
Caixin Global

Business Brief (Aug. 4): China Cracks Down on Auto Industry’s Cutthroat Competition

China

Regulators target auto industry’s excessive competition

China’s automobile market has plunged into more excessive competition this year, with the new-car research and development cycle cut in half to 18 months and some new-energy vehicle (NEV) projects compressed to just six months, leading to frequent quality issues in rushed vehicles.

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