Chinese Carmakers Resist Beijing’s Call to End Brutal Price War

China’s campaign to stamp out a ferocious electric vehicle price war seems to be having limited effect, with all of the nation’s top 20 auto brands either keeping discounts intact, deepening them or only slightly reducing them in July.

With carmakers still grappling with overcapacity and lackluster consumer sentiment, seven brands offered bigger discounts despite Beijing’s plea in June to avoid “rat-race competition,” data from China Auto Market show. The others either reduced their discounts a little bit or kept them unchanged. The level of promotions last month was higher than a year earlier also.