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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

CN EV Post

BYD 's NEVs saw 37,141 insurance registrations last week, down from 38,932 the previous week. BYD's premium brand Denza vehicles saw 1,853 insurance registrations last week, up from 1,808 the week before. BMW's NEVs registered 1,486 insurance units in China last week, down from 1,663 units the week before.

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BYD sees bigger profits on some EVs sold in the EU than in China, even with tariffs

Baua Electric

After the EU announced new tariffs on Chinese EV imports, BYD is subject to an additional 17.4% However, with BYD reportedly generating higher EV profits on models like the Seal U in the EU than in China, the EV leader is expected to overcome the impact. BYD announced it would enter the European car market in 2020.

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BYD, Chinese EV makers account for +40% of German EV imports ahead of new tariffs

Baua Electric

Chinese EV makers, including BYD , accounted for over 40% of German EV imports through April 2024. According to data released by the German statistics office Tuesday (via Reuters ), German EV imports from Chinese automakers like BYD reached 31,500 through April 2024. 4, BYD is enjoying more of the “EU Premium” on EVs.

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

After topping Tesla in the final three months of 2023, BYD is starting the year off strong with EV sales rising another 50% in January. BYD EV sales momentum continues in January BYD sold 105,304 fully electric cars last month, up 48% from the 71,338 handed over last year. FTC: We use income earning auto affiliate links.

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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Mitsubishi’s CEO Takao Kato explained, “Collaboration with partners is essential in today’s auto industry,” with EVs and other tech rapidly developing. The Nissan, Honda, and Mitsubishi partnership comes as Tesla and Chinese EV makers like BYD continue expanding in key global markets, including Japan, taking market share.

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Full CPCA rankings: Top-selling models and automakers in China in Feb

CN EV Post

The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese auto industry. Top-selling sedans at retail in China in Feb 2023 Ranking Model Feb 2023 Feb 2022 YoY 1 BYD Qin 30,540 24,501 24.6% 5 BYD Han 12,265 9,284 32.1%

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