price war

noun

: commercial competition characterized by the repeated cutting of prices below those of competitors

Examples of price war in a Sentence

The airlines are engaged in another price war.

Recent Examples on the Web

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Aggressive price war Tesla slashed the price for its best-selling Model Y in China by 10,000 yuan ($1,364.5) in late December and extended a zero-interest five-year loan plan for car buyers until the end of January. —

Anniek Bao, CNBC, 6 Jan. 2025 The price war in China’s auto market, which has raged for at least two years, has driven a wave of consolidation and pushed smaller players to the brink. —

Chloe Berger, Fortune Asia, 27 Nov. 2024 Over the past year, an EV price war launched by Tesla and Chinese automaker BYD has intensified pressure on any companies losing money on the next-generation vehicles. —

Reuters, Detroit Free Press, 17 Dec. 2024 That has intensified a price war that further threatens Japanese brands, which are fighting to keep up with cleaner cars of their own. —

Stephanie Yang, Los Angeles Times, 23 Dec. 2024 See all Example Sentences for price war