China tells carmakers, suppliers to avoid price wars abroad to pave way for healthy growth

New rules signal push for sustainable expansion as Chinese EV makers pursue long-term gains and influence in global markets

For the first time, three ministry-level authorities published guidelines governing Chinese carmakers abroad, aimed at improving their global competitiveness, according to a statement by the Ministry of Commerce.

“The guidelines aim to promote long-term, healthy development of the Chinese automotive industry in international markets,” it said.

“Car companies are urged to strengthen compliance and wield international influence to promote cooperation in the global automotive industry and supply chain.”

The guidelines, jointly issued on Tuesday by the commerce ministry, the Ministry of Industry and Information Technology and the State Administration for Market Regulation, did not specify punishments for non-compliance.