China targets involution’ in EV market; crackdown on oversupply and price wars led by BYD – Times of India
China targets involution’ in EV market (Image credits: AP) China’s government is stepping in to cool down the fierce price war in its electric vehicle (EV) market, as concerns over oversupply, shrinking margins, and industry instability grow.After years of aggressive industrial policy driving EV adoption, China’s electric vehicle market has become the largest in the…