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- 1South Korea becomes ground zero for EV price war▼South Korea becomes ground zero for EV price war as global carmakers slash tags
Global carmakers are cutting electric vehicle prices in South Korea, turning the country into a frontline of an intensifying EV price war, according to KED Global. Aggressive discounting by international manufacturers is putting pressure on local prices and reshaping the competitive landscape in one of the world's most advanced EV markets.
- 2GM warns on US market as carmakers dodge Chinese rivals▼General Motors warns on US market as carmakers seek ‘safe haven’ from Chinese rivals
General Motors has issued a warning about the US car market, according to the Financial Times, as global carmakers increasingly look to the US as a 'safe haven' from intensifying competition with Chinese manufacturers. The comments highlight mounting pressure on legacy automakers from cheap, fast-growing Chinese exports and the prospect of a price war spreading to American soil.