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Chinese regulators vow to crack down on price gouging as lithium prices rise to staggering levels

CN EV Post

China will strictly investigate and punish hoarding, price gouging and unfair competition in the upstream and downstream lithium battery industry to maintain market order, a government document said today. For more articles, please visit CnEVPost.

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Polestar 3 SUV officially unveiled, but prices may drive away Chinese consumers

CN EV Post

The post Polestar 3 SUV officially unveiled, but prices may drive away Chinese consumers appeared first on CnEVPost. For more articles, please visit CnEVPost. The Polestar 3 costs twice as much in China as the NIO ES7 and about the same as the Porsche Taycan.

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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies.

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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. But how could this affect Tesla pricing?

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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. The price decline indicates a deterioration in the local steel market, reported Nikkei Asia.

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Chinese EV startup Niutron's first model launched with prices starting at $39,170

CN EV Post

The post Chinese EV startup Niutron's first model launched with prices starting at $39,170 appeared first on CnEVPost. For more articles, please visit CnEVPost. The Niutron NV is available in all-electric and extended-range versions, with deliveries set to begin in December.

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More Chinese EV makers promise no price cuts as price war intensifies consumer wait-and-see sentiment

CN EV Post

EV makers including Leapmotor , Neta and Denza have all introduced 90-day price protection policies. Image credit: Neta) As the auto price war in China continues, some electric vehicle (EV) makers are beginning to make it clear that they will not cut prices in an attempt to dispel the wait-and-see sentiment of potential consumers.

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