BEIJING (Reuters) -Chinese authorities cautioned automakers and power battery manufacturers against marketing exaggerations and fraudulent practices, urging strict adherence to safety standards, the official Xinhua News Agency said on Friday.
The warning was issued during a meeting attended by China’s industry ministry, market regulator and the national fire and rescue authority, Xinhua reported.
The meeting called for an end to the industry’s excessive competition and warned of “short-term cost reduction and efficiency” leading to shoddy products.
(Reporting by Beijing newsroom; Editing by Jacqueline Wong)
