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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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Li Auto rolls out price protection policy amid China auto price war

CN EV Post

The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto 's move helps to allay potential consumers' concerns to some extent. For consumers who purchase these models, if the prices drop within 90 days of their order, then Li Auto will refund the difference.

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China to allow extended sales periods for ICE models based on existing emissions standard, report says

CN EV Post

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. This was seen as the beginning of the massive outbreak of the price war.

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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

BMW's NEVs registered 1,486 insurance units in China last week, down from 1,663 units the week before. The past week has seen a rare price war in China's auto industry involving not only NEV makers, but traditional internal combustion engine automakers as well.

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Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Add nflation, rising car prices, and “sub-par charging infrastructure,” writes Automotive News Europe, into the mix, and it’s inevitable that sales will drop. According to Automotive News Europe , manufacturers are pushing back rollouts of EVs, and rental firms are “paring purchases for their fleets.” For comparison, the US produced 1.1

Market 52
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June 2023 – Tesla Model Y is again the bestseller in Norway

Push EVs

Plugless vehicles will continue to be sold in Norway until plugin options — most likely BEVs — appear in all vehicle segments, and at affordable price points. This is priced over €90,000, so won’t make a volume impact on Norway’s transition. Norway’s auto industry group, the OFV , attributes the drop to “uncertainty among consumers”.

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NIO won't get involved in price war, exec says

CN EV Post

China's auto industry is facing cyclical swings in the transition to electrification that can't be weathered by price wars and require automakers to stick to brand values, an NIO executive said. Not only is NIO not dropping prices for 90 days, but prices won't change for a longer period of time, he said.

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