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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies.

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Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

Image credit: Chery New Energy) Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. Chery New Energy announced today that official guide prices for three of its NEV models has been cut by up to 9,000 yuan ($1,310) starting at 00:00 on March 27.

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Musk’s big win in China: Tesla clears data security, full self driving hurdles for locally-made cars – ET Auto

Baua Electric

This came close on the heels of Tesla introducing fresh incentives in the world’s largest auto market to attract consumers. This is according to the China Association of Automobile Manufacturers. electric vehicle giant engaged in a prolonged price battle against established competitors.

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

CN EV Post

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. The price war has had a big impact on the auto industry, and NIO will not follow suit. In the short term, NIO will face some pressure as a result, he said.

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Tesla contributes nearly 25% of Shanghai’s general auto manufacturing

Baua Electric

contributed nearly one-quarter of Shanghai’s general automobile manufacturing price endmost month, native media reported, in an indication of the way briefly the electrical automotive maker has ramped up output in China. billion yuan ($26.4 billion yuan ($26.4 1 million vehicles a month. 1 million vehicles a month.

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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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Tesla FSD in China could add $2.3 billion in annual earnings by 2030: Bank of America

Teslarati

The China Association of Automobile Manufacturers also noted that Tesla has cleared data security and processing requirements in the country. This number could increase meaningfully over time and, based on IHS projections for TSLA’s China auto sales, could be $2.3 Don’t hesitate to contact us with news tips.

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