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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. In the past two days, rumors have surfaced that BMW dealers are offering massive subsidies for the i3 in China, and that consumers who pay full cash for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.

Dealers 122
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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. On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.

Standards 116
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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.

Auto 68
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Groupe Renault, Brilliance form JV for LCVs in China in three segments with three brands; accelerating electrified powertrains

Green Car Congress

The Chinese LCV market is reaching upwards of 3 million units annually. To form the JV, Groupe Renault is purchasing a 49% equity interest in Shenyang Brilliance Jinbei Automobile Co., We see China not only as the biggest car market worldwide, but also as a trend setter for the auto industry.

China 150
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KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

Fuel efficiency, safety innovation, and vehicle styling will be the three most important product issues influencing automotive consumer purchase decisions over the next five years, indicating a perceived shift in buying priorities, according to the 12 th annual global automotive survey conducted by KPMG LLP. Investments.

Global 218
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Convincing Consumers To Buy EVs

Cars That Think

Even if interest in purchasing an EV is increasing, close to 70 percent of Americans are still leaning towards buying an ICE vehicles as their next purchase. In the UK, only 14 percent of drivers plan to purchase an EV as their next car. EVs ain’t cheap Price is another EV purchase risk that is comparable to EV range.

Buy 92
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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

so-called “clean hydrogen,” including incentives for both its manufacture through less emissive processes (it has heretofore primarily been created using natural gas , which often comes from “fracking”) and for the purchase of vehicles – not only passenger cars such as the Toyota Mirai but commercial trucks and vans. and a third).