China Association of Automobile Manufacturers releases initiative to reject 'price war' and jointly build the foundation of fair competition in the automotive industry
Since late May, the automotive industry has launched a new round of price cuts, and the low price competition in the automotive industry has once again sparked heated discussions. Recently, the China Association of Automobile Manufacturers released the "Initiative on Maintaining Fair Competition Order and Promoting Healthy Development of the Industry" (hereinafter referred to as the "Initiative"), proposing four points: all enterprises must strictly abide by the principle of fair competition and carry out business activities in accordance with laws and regulations; Advantageous enterprises do not monopolize the market, squeeze the living space of other entities, and harm the legitimate rights and interests of other operators; Enterprises shall not dump goods at prices lower than cost, engage in false advertising that induces consumers, disrupt market order, or harm the fundamental interests of the industry and consumers, in addition to lawfully lowering prices for goods; All enterprises should conduct self-examination and rectification in accordance with relevant national laws and regulations.
2025-06-06