Home » The price will also be reduced! “Electricity is lower than oil” stimulates car market consumption. More than 17 car companies have cut prices: users say the sooner they buy, the more they lose – Kuai Technology – Technology changes the future

The price will also be reduced! “Electricity is lower than oil” stimulates car market consumption. More than 17 car companies have cut prices: users say the sooner they buy, the more they lose – Kuai Technology – Technology changes the future

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The price will also be reduced! “Electricity is lower than oil” stimulates car market consumption. More than 17 car companies have cut prices: users say the sooner they buy, the more they lose – Kuai Technology – Technology changes the future

The price of cars is on the decline as more than 17 car companies have announced price cuts in response to the slogan “Electricity is lower than oil.” This move is aimed at stimulating consumption in the car market and attracting buyers to new energy vehicles.

According to a report by Kuai Technology on March 5, the price war among car companies is heating up, with major manufacturers such as Tesla, Chery, and Xpeng joining in on the price reductions. The competition is fierce, with companies offering various discounts, insurance subsidies, and other incentives to attract customers.

Industry experts believe that the shift towards new energy vehicles is accelerating the replacement of traditional fuel vehicles in the domestic automobile market. Cui Dongshu, the secretary-general of the National Passenger Transport Association, emphasized that scale determines costs and the survival of enterprises in this competitive market.

Wang Du, assistant president of the China Automobile Dealers Association, echoed similar sentiments, stating that the focus for many new energy vehicle companies is to increase their market share by offering competitive prices and promoting the benefits of electric vehicles over traditional gasoline vehicles.

While the price cuts may benefit consumers looking to purchase a new car, some industry insiders have warned that the price war is just beginning and could intensify further. However, some users remain cautious, stating that they are in no rush to buy a car and that waiting could result in greater savings in the long run.

As the domestic automobile market enters a new phase of transition towards new energy vehicles, the competition among car companies is expected to continue. Consumers are advised to stay informed and make careful decisions when purchasing a car during these price wars.

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Editor in charge: Snowflake

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