China's electric car price war shows little sign of letting up, putting more pressure on companies to survive.

China's electric car price war shows little sign of letting up, putting more pressure on companies to survive.

Apart from hefty price discounts, carmakers are offering more bells and whistles in their latest models to stand out from the crowd.

Beijing warned the practice of selling new cars with zero miles at a sharp discount in the used car market is just the latest example of the auto industry's race to the bottom.

Electric vehicle makers in China, led by the country's market leader BYD, have been engaged in a bruising price war.

Industry consolidation would not only end an unsustainable race to the bottom but also help Beijing’s broader economic agenda.