Foreign carmakers offer steep discounts on petrol-powered cars in cutthroat Chinese market

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Source: South China Morning Post
Published: 2026-09-11 11:45 UTC+10:00
Section: foreign carmakers
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Asia, Technology & AI, Economy & Finance, China, Financial Markets, Business & Economy, Asia Pacific, Technology
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Snippet:
With more consumers switching to electric vehicles, companies including VW and Toyota are slashing prices on lower-tech offerings
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