While the Chinese car industry has enjoyed significant growth GWM’s
Chairman Wei Jianjun has warned the industry is in an unhealthy state due
to incessant price cuts. In an interview with Chinese publication Sina
Finance the GWM Chairman suggested if it continues like this the Chinese
auto industry will be seriously threatened. Not specifically referring to any
Chinese car maker he warned the excessive and prolonged price war
between rival Chinese brands, especially those selling electric vehicles,
risks cutting corners on safety and reliability. Discounts have ranged up
from Aud.$22,000. Following Mr. Wei comments shares in BYD, Leapmotor,
Nio, and Geely fell by up to 9.5 percent. BYD recently announced subsidies
and incentives in China – the entry Seagull EV Hatch reduced by
Aud.$12,000 while Geely followed suit with similar incentives for its
Chinese buyers. 

While the Chinese car industry has enjoyed significant growth GWM&rsquo;s Chairman Wei Jianjun has warned the industry is in an unhealthy state due to incessant price cuts. In an interview with Chinese publication Sina Finance the GWM Chairman suggested if it continues like this the Chinese auto industry will be seriously threatened. Not specifically referring to any Chinese car maker he warned the excessive and prolonged price war between rival Chinese brands, especially those selling electric vehicles, risks cutting corners on safety and reliability. Discounts have ranged up from Aud.$22,000. Following Mr. Wei comments shares in BYD, Leapmotor, Nio, and Geely fell by up to 9.5 percent. BYD recently announced subsidies and incentives in China &ndash; the entry Seagull EV Hatch reduced by Aud.$12,000 while Geely followed suit with similar incentives for its Chinese buyers.&nbsp;

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon. 

For more engaging content visit the 2GB website, or listen live to 2GB 873.

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon.&nbsp;
For more engaging content visit the 2GB website, or listen live to 2GB 873.

Motor Torque with David Berthon

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon. 

For more engaging content visit the 2GB website, or listen live to 2GB 873 

A weekly show with all the latest information and news in the motoring industry. Hosted by 2GB's very own motoring corespondent David Berthon.&nbsp;
For more engaging content visit the 2GB website, or listen live to 2GB 873&nbsp;

GWM Chairman suggests Chinese car industry is unhealthy with too many price cuts

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/68a4ef8c-e535-487e-b047-b304014c65c3/transcript

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