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People's Daily Commentary: CN Auto Industry Margin Drops to 3.9% in 1Q; 'Price War' Stimulant Must Not Be Taken
2025-06-02 11:19:57 The state-run People's Daily recently published a commentary titled “New Energy Vehicles - the 'Price War' Stimulant Must Not Be Taken”. In response to the recent wave of “price wars” ignited by car manufacturers, the China Association of Automobile Manufacturers clearly expressed opposition, and the Ministry of Industry and Information Technology also voiced support for the initiative, emphasizing that price wars have no winners and no future. In the past two years, some automakers repeatedly voiced opposition to “involution” competition, while continuing to wage “price wars”, dealing a blow to the industry ecosystem and market order, and threatening the safety of the supply chain, the article opined. China’s automotive industry saw profit margin in 2024 only at 4.3%, lower than the overall downstream industrial profit margin and the 2023 level; in 1Q25, the profit margin further subsided to 3.9%, the article cited data as saying. ~ AASTOCKS Financial News Website: www.aastocks.com | |