0801 GMT - Chinese automakers may not lower prices further on cars for the rest of the year, but competition will continue, Nomura analysts write in a note. Robust sales for Xiaomi's YU7 model has supported incremental demand for fully electric models in China's auto market, which should benefit the entire EV sector, they say. Forays by companies such as Xiaomi and Huawei into the sector may help the entire industry cultivate further demand, they add. As major Chinese automakers are still preparing 2H strategies and new models, the overall market could stay relatively muted in the upcoming weeks, Nomura says. Automakers' new strategies and promotional activity, as well as the country's subsidy program, should drive strong orders ahead, it adds. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

Chinese automakers may not cut prices further on cars in the second half of the year. "Chinese Automakers May Cut Prices Further in 2H -- Market Talk," at 0801 GMT, incorrectly said Chinese automakers may cut prices further in the headline.

(END) Dow Jones Newswires

July 09, 2025 04:08 ET (08:08 GMT)

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