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flag China introduces regulations to control the EV market's price war and support innovation.

flag China is implementing policies to regulate the electric vehicle (EV) market, aiming to curb "irrational competition" caused by a fierce price war among automakers. flag This move follows the government's substantial investment in the EV sector, which has led to intense competition and financial struggles for many startups. flag Policies will include tighter price monitoring and long-term regulation to promote healthier competition and innovation.

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