Chinese automakers should pursue 'rational competition' in EV industry, official says

Baic Motor

18/07/2025 13:31

BEIJING, July 18 (Reuters) - Major automakers should push for "rational competition" in the electric vehicle industry, a senior Chinese official said on Thursday, according to a statement from the industry ministry published on Friday.

The comments from Che Jun, head of a Communist Party central leading group, came a day after China's cabinet pledged to regulate what it called "irrational" competition in the EV market and vowed to strengthen price monitoring.

Che Jun spoke at a meeting attended by officials from the industry ministry and representatives from automakers BYD 002594.SZ and BAIC Group 1958.HK.

 (Reporting by Beijing Newsroom, Editing by Andrew Heavens)

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