Beijing reins in EV chaos: regulators tighten screws on auto market
Beijing is stepping up efforts to contain a worsening price war in China’s electric vehicle (EV) industry, as destructive discounting threatens market stability and broader economic health. In response, top regulators, including the Ministry of Industry and Information Technology (MIIT), the National Development and Reform Commission (NDRC), and the State Administration for Market Regulation (SAMR), have launched a joint initiative aimed at curbing irrational competition and restoring order across the sector.