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23 Mar
06:40

CAAM warns of over-marketed vehicle price reductions in Chinese market

On Wednesday, the Chinese Association of Automotive Manufacturers (CAAM) announced that the hype of this round of price cuts should be cooled down as soon as possible in order to stabilise the market and ensure healthy development throughout the whole year, Kallanish learns.  According to CAAM, in the fourth quarter of last year, the sales and production cadence of the vehicle industry was hugely impacted. Entering 2023, the entire sales performance of …
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