MIIT and SAMR Jointly Summon Automakers to Halt Irrational Price Wars

The Ministry of Industry and Information Technology (MIIT) and the State Administration for Market Regulation (SAMR) recently jointly summoned several automakers for talks, focusing on irrational low-price competition within the industry. This move signals regulators' view that the ongoing price war among automakers has approached a critical threshold, and the current model of sustained price-cutting and dumping is unsustainable. Some companies have been operating at a loss on every vehicle sold, and if this trend continues, it could trigger severe operational risks, potentially leaving most firms unable to survive until 2030.