Biggest Chinese SUV Maker Seen Triggering Wave of Price Cuts
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Chinese automakers will offer bigger discounts on their SUVs after market leader Great Wall Motor Co. lowered prices on two of its most popular models, according to Barclays Plc and Sanford C. Bernstein & Co.
Great Wall, the biggest maker of sport-utility vehicles in China, cut prices this week on its H2 and H6 models by 5,000 yuan ($805) and 6,000 yuan, respectively, sending its stock to a five-month low in Hong Kong trading.