Under pressure from Chinese electric car manufacturers, Kia has initiated targeted price reductions in Europe, narrowing the price gap with its Chinese competitors while acknowledging that this "price war" will impact its margins, highlighting the intensifying competition in the European automotive market. #ElectricVehicles #PriceWar #AutomotiveIndustry #KR #CN #EU
www.autoplus.fr
Face aux constructeurs chinois, Kia envisage de baisser ses prix en Europe
Sous la pression des voitures électriques chinoises, Kia engage une baisse ciblée de ses tarifs en Europe. Entre marges rognées et promotions inédites, la bataille ne fait que commencer.
#ChinaAutoIndustry #PriceWar #ElectricVehicles
www.breitbart.com
China issues new rules to curb auto price war after January passenger car sales drop 20% - Breitbart
China has moved to curb a fierce price war between automakers sector that has caused massive losses for the industry
China issues new rules to curb auto price war after January passenger car sales drop 20%By CHAN HO-HIMAP Business WriterThe Associated PressHONG KONG
HONG KONG (AP) -- China moved Thursday to curb a fierce price war among automakers that has caused massive losses for the industry, after passenger car sales dropped nearly 20% in January from the year before, the fastest pace in almost two years.
