BYD has officially responded to the draft of new pricing guidelines for the automotive industry, published by the State Administration for Market Regulation of China (SAMR). In a statement posted on WeChat, the automaker confirmed its readiness to comply with the new requirements aimed at maintaining fair competition, protecting consumer rights, and stabilizing supply chains amid serious market disruptions.
BYD noted that it will continue to improve internal price management and compliance mechanisms, strictly adhering to the principles of fair pricing. The manufacturer expressed its intention to counteract price manipulation and unfair competition, as well as set an example for other market participants, focusing on openness and cooperation between industries.
Experts note that the new SAMR recommendations may lead to price standardization between regions and sales channels, reducing the cost difference for the same models. Dealers' freedom to conduct local promotions may be limited, and price wars may be brought under control. Similar statements have already been made by Nio, GWM, and Xpeng, indicating a general desire in the industry to adapt to the new rules. Analysts believe that after the document is approved, the market will become more transparent, and buyers' confidence in car prices in China will increase.
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