Foreign car manufacturers operating in China, including major brands like Volkswagen and Toyota, are currently offering average discounts of over 20 percent on internal combustion engine vehicles. According to the latest data from the China Passenger Car Association (CPCA), these price cuts reached an average of 23.4 percent last month, a slight shift from the 23.7 percent recorded in July.

These aggressive pricing strategies are a direct response to a highly competitive market environment characterized by weakening consumer demand for traditional petrol-powered cars. As domestic Chinese manufacturers continue to expand their presence, particularly in the electric vehicle sector, international brands are struggling to maintain their historical dominance. The sustained level of discounting suggests that foreign automakers are prioritizing volume and market presence over profit margins in an attempt to navigate the current economic downturn in the Chinese automotive sector.