China’s Car Group Warns: Let’s Keep the NEV Market Fair! 🚗⚡
Hey there! Have you heard about new energy vehicles (NEVs)? They’re cars that use electricity or other clean energy instead of gasoline. Cool, right? 🌟 In the Chinese mainland, NEVs are super popular. In fact, over 40% of new cars sold are NEVs! That’s a lot of electric cars zooming around. 🚙💨
But there’s a bit of a problem. The China Association of Automobile Manufacturers (CAAM) noticed that some car companies are having what’s called “price wars.” This means they’re trying to sell their cars for less money than others to get more customers. At first, cheaper cars might sound great, but it can cause big issues! 😟
When companies keep lowering prices too much, it’s called “involution-style” competition. It can hurt businesses because they make less money, which means they might not have enough to make even better cars in the future. Plus, it can lead to poor service and might even affect the safety of the cars! 🛑
The CAAM is asking all car companies to play fair and not sell their cars for less than they cost to make. They want everyone to follow the rules and make sure customers are happy and safe. 🤝
They’re also reminding companies that it’s important to keep investing in new ideas and technology. This way, NEVs can keep getting better and better! 🌈🔧
So next time you see a cool electric car, remember that it’s important for companies to work together fairly so we can all enjoy awesome and safe rides. 🚗✨
Reference(s):
cgtn.com
