Teslarati

FEBRUARY 1, 2023

Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Li Auto’s 15,141 units delivered last month was a 28.7 percent sales decrease compared to December but a massive 59.6 percent on vehicles in China.

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CN EV Post

MARCH 16, 2023

A Volkswagen joint venture in China has started offering official discounts as the price war in the Chinese auto industry continues. The Volkswagen Phideon, with an official guide price of RMB 343,000 to RMB 449,000, received an RMB 50,000 discount, while most other models received discounts of RMB 25,000 to RMB 30,000.

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Teslarati

APRIL 17, 2024

Stellantis-Leapmotor C16 SUV details were leaked after the companies filed for a sales license with China’s Ministry of Industry and Information Technology (MIIT). billion in Leapmotor, acquiring 20% of the Chinese car maker. In addition to Leapmotor, the company has also been tied to Chinese auto company Dongfeng.

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EV Central

MAY 14, 2024

The Chinese electrified vehicle maker Leapmotor will launch in Australia in late 2024 as part of an international expansion backed by global auto giant Stellantis. Beyond that it has a variety of existing models it could add here quickly including the Mini-sized T03 electric car that has already been confirmed for European sale.

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CN EV Post

MARCH 13, 2023

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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Baua Electric

MARCH 23, 2024

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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CN EV Post

MARCH 9, 2023

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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Baua Electric

MARCH 4, 2024

It’s not clear why, but some are suggesting bad Chinese delivery numbers are to blame. China is the world’s biggest auto market and by far the biggest EV market. If your sales are dropping in that market, you are in bad shape. Tesla has heavily relied on the Chinese market for growth in recent years.

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Teslarati

MARCH 28, 2023

1 & 2 – updated to reflect mathematical accuracy BYD has apparently been unfazed by Tesla’s dramatic price cut at the beginning of the year, as it has reported an 11-fold profit increase in Q4 year over year. BYD auto sales were the most significant success of the Chinese conglomerate.

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Electric Cars Report

SEPTEMBER 29, 2022

Chinese EV maker BYD revealed the pre-sale prices of its new European passenger car range. Before the end of the year customers in France […] The post BYD Reveals Pre-sale Prices of European Passenger Car Range appeared first on Electric Cars Report.

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Baua Electric

FEBRUARY 7, 2024

of the total sales, while nearly one out of seven NEVs sold during the month was also exported, CAAM data shows. China’s new energy vehicle sales fell 38.8% China’s new energy vehicle sales fell 38.8% Vehicle sales, including those exported, totalled 2.44 New energy vehicle (NEV) sales, accounting for 29.9%

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CN EV Post

MARCH 14, 2023

EV makers including Leapmotor , Neta and Denza have all introduced 90-day price protection policies. Image credit: Neta) As the auto price war in China continues, some electric vehicle (EV) makers are beginning to make it clear that they will not cut prices in an attempt to dispel the wait-and-see sentiment of potential consumers.

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CN EV Post

MARCH 22, 2023

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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Baua Electric

MARCH 31, 2024

JATO’s data revealed that these vehicles were responsible for 61% of total sales in February 2024, in comparison to the 62% registered in February 2019. Chinese-made cars drive growth In Europe, sale of cars made in China saw the highest levels of year-on-year growth in February 2024 (+45%) and in January-February 2024 (+43%).

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Baua Electric

MARCH 6, 2024

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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Baua Electric

APRIL 29, 2024

Chinese state media reported that he met Premier Li Qiang in Beijing but did not say what they discussed. automaker won a key endorsement that coincided with his trip – from a top Chinese auto association which said Tesla’s Model 3 and Y cars were among models found to be compliant with China’s data security requirements.

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Baua Electric

MAY 9, 2024

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. It has a plant in Nevada and has broken ground on a second one in Kansas, which would take its auto battery capacity to 80 gigawatt hours (GWh) a year.

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CN EV Post

APRIL 17, 2023

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team. (A A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

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Baua Electric

MARCH 20, 2024

Some years ago, the government set a goal of 100% electric sales by 2025, and that goal is well within sight. of the entire auto market. Its sales were about equal to those of the next 7 models combined. The steady rise of EVs is occurring against a backdrop of slower overall auto sales. of the market, up from 90.1%

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Teslarati

MARCH 14, 2024

Wedbush maintained Tesla’s Outperform rating with a $315 price target as Q1 2024 ends. ” Last month, several firms dropped Tesla’s price target for varying reasons. .” ” Last month, several firms dropped Tesla’s price target for varying reasons. They believe reaching 2.1 million and 2.2

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Teslarati

APRIL 30, 2024

The Chinese automaker beat Tesla in terms of volume deliveries in Q4 2023 but lagged behind the US electric vehicle (EV) manufacturer in Q1 2024. BYD sets lower sales growth & warns of looming price war BYD delivered approximately 300,114 beds and 324,284 plug-in hybrid cars. year-over-year.

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Baua Electric

MARCH 14, 2024

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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CN EV Post

MARCH 26, 2023

In January-February, Chery's NEV sales were 13,293 units, down 57.6 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. percent, price cut. For more articles, please visit CnEVPost.

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Baua Electric

SEPTEMBER 9, 2023

Chinese language vegetation already have been a long way from working at complete tilt when Tesla first snip costs in October latter hour and later once more in January. According to his time studies, Liu used to be assured he would temporarily in finding any other auto process, however the marketplace had became.

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CN EV Post

MARCH 21, 2023

| NIO US | NIO HK | NIO SG An NIO (NYSE: NIO) executive re-emphasized the electric vehicle (EV) maker's confidence that it will meet its goal of doubling sales this year, at a time when the Chinese auto industry has been weak overall so far this year. "We Our team is very confident in that," Li said at the time.

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Baua Electric

JUNE 11, 2023

Nio mentioned on Monday it might decrease costs for all its fashions and finish distant battery swapping services and products to fresh patrons, because the Chinese language electrical automobile maker faces mounting drive over profits losses and lukewarm gross sales. Its internet loss reached 4.7

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Baua Electric

APRIL 25, 2024

The separate announcements from two of Japan’s biggest automakers at the Beijing auto show also underscored the attempt by Japanese manufacturers to come to grips with the massive technological shifts that have disrupted their once enviable positions in the Chinese market. It saw its sales in China fall 1.7%

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CN EV Post

MARCH 29, 2023

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. This was seen as the beginning of the massive outbreak of the price war.

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Baua Electric

APRIL 28, 2024

This came close on the heels of Tesla introducing fresh incentives in the world’s largest auto market to attract consumers. Reports thus indicate that Chinese authorities may remove restrictions on Tesla vehicles following the company’s compliance with the nation’s stringent data security protocols. Tesla Inc.’s

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Baua Electric

APRIL 24, 2024

Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a “super fast cycle” from May, and that it hopes use of its platform will expand to other Asian countries and Europe.

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Baua Electric

MAY 26, 2023

CEO Jim Farley says Chinese language electrical car makers are its primary competitors within the sector, however the corporate has hurdles competing on charge at a smaller scale. “We see the Chinese as the main competitor, not GM or Toyota,” Farley stated Thursday on the Morgan Stanley Sustainable Finance Zenith.

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CN EV Post

MARCH 24, 2023

The overall market is recovering at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by big price cuts, the CPCA said. Retail sales of passenger vehicles in China are expected to be 1.59 Retail sales of passenger vehicles in China are expected to be 1.59 percent, up from 13.9

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Baua Electric

APRIL 28, 2024

Chinese state media reported that he met Premier Li Qiang in Beijing, during which Li told Musk that Tesla’s development in China could be regarded as a successful example of U.S. Tesla reached an accord with Chinese authorities for a plant in Shanghai, its first outside the United States, in 2018.

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Baua Electric

APRIL 1, 2024

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. New data shows sales are up while inventory is finally dwindling. billion last year.

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CleanTechnica EVs

JANUARY 5, 2023

Pick your automaker and you can see signs of the struggles in lower than expected sales, price cuts, etc. China has been struggling a bit in recent months with COVID-19 lockdowns, then COVID-19 outbreaks, and of course with a variety of economic slowdowns and supply chain disruptions due to both of those.

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Baua Electric

MARCH 11, 2024

BYD launched a price war on ICE vehicles last month with the new Qin Plus EV and PHEV models. BYD Atto 3 (Source: BYD) BYD launching lower-cost EV platform to fuel price war Last year, BYD introduced a DM-i model priced below the 100,000 yuan ($13,900) mark for the first time. It’s gas-powered cars.

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Baua Electric

APRIL 28, 2023

Global EV sales jumped 55% last year to 10 million and are expected to climb another 35% this year. Lithium prices rebounded this week for the first time in five months after tumbling from record highs, but new supply of the key mineral for electric vehicle (EV) batteries coming on stream is likely to weigh on the market next year.

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