article thumbnail

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

CN EV Post

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. The rumors and the dealers' moves come as the Chinese auto industry is staging a rare price war.

Dealers 116
article thumbnail

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 110
article thumbnail

Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

A Cox Automotive report shared in a webcast on Monday shows how EV prices gradually dropped throughout last year following Tesla’s price cuts, effectively inching the market closer to reaching price parity with internal combustion engine (ICE) vehicles.

Price 127
article thumbnail

The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

Get Electric Vehicle

According to the Federation of Automotive Dealers Associations (FADA), electric two-wheeler retail sales were 2,31,338 units last fiscal year, up from 41,046 units in 2020-21. Total Electric Vehicle (EV) retails reached 4,29,217 units in 2021-22, up from 1,34,821 units in the fiscal year 2020-21, according to the dealers association.

article thumbnail

Ford Mustang Mach-E April sales experience effects of ongoing chip shortage

Teslarati

The ongoing chip shortage has adversely affected the auto industry, and Ford has acknowledged this. This is quite unfortunate, as the Mach-E is proving its popularity in Ford’s dealer lots. Ford has noted that the Mustang Mach-E is turning in just four days on dealer lots and transacting at $45,800. .

Ford 145
article thumbnail

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. He said at the time in the comments section of that Weibo that Li Auto's models would not be reduced in price.

Auto 64
article thumbnail

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

CN EV Post

Insurance registrations for conventional internal combustion engine (ICE) vehicles were 211,000 last week, down 12.28 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. percent from the previous week and up 8.67

BYD 87