BYD Cuts Car Prices, Oversupply Concerns
This is a China news story, published by CNBC, that relates primarily to nei juan news.
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Chinese car exportsCNBC
•Technology
Technology
Involution or evolution? China wants to stop the EV price war, but analysts are doubtful
86% Informative
Chinese car exports and secondhand cars with zero mileage are signs of oversupply.
Industry players and analysts only see the competition heating up.
China Association of Automobile Manufacturers warns of further pressure on profit margins.
There's even a buzzword in China to describe excessive competition in a race to the bottom: nei juan , or "involution".
Xpeng released the Max version of its Mona 03 at 129,800 ($ 18,020 ) last week .
The startup has delivered more than 30,000 cars a month for the past seven months .
Xiaomi predicted its electric car business would turn a profit in the second half of the year .
VR Score
88
Informative language
86
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73
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formal
Language
English
Language complexity
56
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not offensive
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Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
7
Source diversity
7
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