BEIJING — As China's electric vehicle price war intensifies, its top leaders have sounded the alarm with high-profile calls to halt excessive competition, known colloquially as "neijuan" or involution ...
Instead of being a story of evolution and technological development, the story of China and EVs is one of “involution.” The Chinese economy suffers from an excess of competition. Too many products are ...
Chinese EV giant BYD slashed prices on May 23, prompting regulators to speak out. Despite that, analysts say that little can be done about the market competition. Falling prices of Chinese car exports ...