Category: Industry News

Cadillac takes page from Nio, dramatically reduces Lyriq prices in China by scaling back benefits

Cadillac has turned a package of benefits into an option that reduces the Lyriq's prices in China by RMB 60,000 and also offers a limited-time discount of RMB 18,000 on the model.

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CAAM retracts call for automakers to not disrupt market with abnormal prices

The statement in the pledge, "not to disrupt the fair competition order of the market with abnormal prices," was inappropriate and inconsistent with the principles of China's anti-monopoly law, the CAAM said.

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