The price war in the Chinese domestic car market has seen a temporary halt

$NIO-SW (09866.HK)$ , for example, is set to reduce its "10,000 yuan car purchase subsidy" on August 11, which will result in a price increase of at least 10,000 yuan for some models.

$LI AUTO-W (02015.HK)$ , a company known for its relatively stable pricing, has also recently reduced its discount offerings. According to sales personnel, the special offer of "loan interest as low as 1.99% and a 5,000 yuan subsidy" for the Li Auto L6 will end on August 13.

In addition to these two NEV brand, many joint venture brands are also experiencing a reduction in their vehicle discounts. This move by automakers indicates an effort to maintain a balanced market and avoid further aggressive price competition.