China’s EV and car market is stuck in a deeper price war, with BYD and rivals expanding discounts despite government calls to slow them. The fight is fueled by overcapacity: factories are producing far more vehicles than the domestic market can absorb. That squeeze is now spreading through the ecosystem, dragging down used car values and pushing automakers to chase growth abroad.
Maruti Suzuki’s first EV will rely on an imported BYD Blade battery pack, a clear break from localisation goals. The automaker cites safety, performance, speed of development, and regulatory complexity as key drivers. The decision underlines how technology readiness, geopolitics, and cost pressures are reshaping India’s EV race and supplier strategies.
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