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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)

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BYD issues substantial EV price cut, hoping to erode Tesla sales success

Teslarati

BYD has announced a significant price cut on its electric Seal sedan as the Chinese brand looks to decrease Tesla’s EV dominance in the region. However, as Tesla has rapidly lowered its prices for its top models, particularly in China, BYD has been forced to respond with its own price cuts.

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Chinese BEV landscape explained in charts

CN EV Post

These charts show the sales performance of BEV models in different price ranges in June. The post Chinese BEV landscape explained in charts appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Chinese ministry says EU’s anti-subsidy EV probe made spy-like levels of ‘unreasonable demands’

Baua Electric

Another day, another deeper understanding of the conversations going on behind closed doors as China and the EU approach the negotiating table as they toe the lines of a looming trade war surrounding vehicle imports and anti-subsidy probes of Chinese EVs.

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BYD unfazed by Tesla price cut, reports massive profit increase in Q4

Teslarati

1 & 2 – updated to reflect mathematical accuracy BYD has apparently been unfazed by Tesla’s dramatic price cut at the beginning of the year, as it has reported an 11-fold profit increase in Q4 year over year. BYD auto sales were the most significant success of the Chinese conglomerate. Update: 11:48 AM ET: para.

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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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BYD issues discount in China as the EV price battle continues

Teslarati

While the effects of Tesla’s price cuts earlier this year have certainly been felt in western markets, the impact has been even more profound in China, where Tesla is locked in a head-to-head battle for EV sales dominance with BYD. What do you think of the article? Do you have any comments, questions, or concerns?

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