China EV Price War Deepensas Average Discount Hits US$6,600
China's new energy vehicle (NEV) market escalated its pricing competition in February 2026, with discounts on individual models averaging RMB 48,000 (US$6,600), according to the latest data released by Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA).
The promotional intensity reached 10.