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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.

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China delays new pollution standard to appease overstocked car dealers

The Driven EV News

After originally planning to implement new vehicle pollution standards in July, the Chinese government appears to have capitulated to the demands of auto dealers who are swamped with non-compliant vehicles. The post China delays new pollution standard to appease overstocked car dealers appeared first on The Driven.

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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. SAIC is currently evaluating whether to build a factory in Europe.

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Nvidia expands its reach in China’s EV sector – ET Auto

Baua Electric

Nvidia said four Chinese electric vehicle brands will use its technology as the brains for automated driving systems, underscoring the U.S. Chinese automakers are racing each other to launch more advanced in-vehicle infotainment displays and automated driving functions. Nvidia and its U.S.-based

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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's transition to new emission standard: How will this affect auto market?

CN EV Post

The recent price war in China's auto market has put a new emission standard that will come into effect in a few months' time in the spotlight. CnEVPost obtained the views of several local analysts, which provide references on what impact that new emission standard will have on the auto industry.

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China’s new energy vehicle sales drop m/m for first time since Aug – ET Auto

Baua Electric

versus the previous month, the first such drop since August 2023, industry data showed, as demand faltered in the world’s largest auto market despite a renewed discounting push led by Tesla. CAAM data tracks automakers’ sales to dealers and includes commercial vehicles such as trucks unless specified. million units, up 47.9%

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