GUANGZHOU -- Guangzhou Automobile Group (GAC), a major Chinese state-owned automaker, is struggling with intense price competition in electric vehicles, finding itself at one point in 2025 losing 8,300 yuan ($1,225) per sale of its own-brand models.
GUANGZHOU -- Guangzhou Automobile Group (GAC), a major Chinese state-owned automaker, is struggling with intense price competition in electric vehicles, finding itself at one point in 2025 losing 8,300 yuan ($1,225) per sale of its own-brand models.