China’s escalating auto price war engulfs conventional car market; battery metals impacted further

China’s battery material market has taken a further hit, with the industry’s price war among auto makers spreading to conventional carmakers and battering new energy vehicle (NEV) makers with sluggish sales, sources said.

The wave of price cuts was initially sparked by Tesla’s discounts offered in January this year and soon, makers of internal-combustion-engine vehicles (ICEVs) joined the war to slash prices even...


Yiwen Ju

April 13, 2023

04:21 GMT