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The Nexus
BUSINESSAug 2 · 23:00 UTCSCMP CHINADaniel Ren

Price war fears grip China’s EV market after woeful July sales figures

China's EV market faces bearish sentiment as Xpeng, Nio, and Li Auto reported weak July sales, raising concerns of a price war. Sales declines were attributed to weakening demand for intelligent cars amid an economic slowdown in mainland China.

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Mentioned
XpengorganizationNioorganizationLi Autoorganizationelectric vehicle (EV) sectortopicPrice Wartopicbearish sentimenttopicmainland Chinaplace
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