GM CEO Mary Barra says there's so much EV competition in China that it's driving a price war that isn't sustainable

By Business Insider | Oct 29, 2024 at 09:22 PM EST

General Motors CEO Mary Barra discussed the oversaturation of the EV market in China, driven by over 120 brands selling EVs compared to around 60 in the US. Barra highlighted the unsustainable price war and challenges faced by companies due to intense competition.

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