Established brands like Peugeot and Nissan are slashing prices by significant margins to compete with emerging Chinese EV competitors.
Facing a dual challenge of a decelerating growth in EV adoption and a surge in competitively priced alternatives from Chinese manufacturers like BYD and MG, traditional automakers are forced to enact substantial price cuts to clear inventory.
This trend reflects the fast pace within the market and signals the formidable struggle for dominance in the EV space. #featured #trending
