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Kelly Blue Book: EV prices increased slightly in March, bucking general downward trend

Green Car Congress

The average price paid for a new EV increased by $313 (up 0.5%) in March 2023 compared to February 2023. New EV pricing peaked in 2022, coming down steadily since Q3 of last year. However, EV sales from Mercedes, Rivian, Lucid and other brands have increased at the same time, offsetting lower-priced Tesla products.

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Tesla price cuts in China drop competitor sales by as much as 60%

Teslarati

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 Tesla used the same price-cut strategy in the United States in January to start 2023 off at a rapid pace.

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Cadillac Lyriq vs Ford Mach-E vs Tesla Model Y: Features, price, and tech comparison

Teslarati

Poised to hit the roads in the first half of 2022, the Lyriq will be entering an market already saturated by formidable opponents like the Ford Mustang Mach-E and the best-selling Tesla Model Y. . In comparison, the Mach-E has a length of 186.0 Size and Weight. inch length, 77.8-inch inch width, and a 121.8-inch inch wheelbase.

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Tesla rolls out aggressive Model 3 and Model Y price cuts in China

Teslarati

Following a challenging December, Tesla China appears to be more determined than ever to ensure that its place in the country’s electric vehicle sector is as strong as ever. This was highlighted recently after Tesla China rolled out a series of aggressive Model 3 and Model Y price cuts. Credit: Tesla. Credit: Tesla.

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BYD launches lower-priced version of its Tesla Model 3 rival electric sedan, starting at $25K

Baua Electric

Global EV leader BYD launched a new version of its Seal electric sedan Monday, with starting prices around $25,000 (179,800 yuan). The Seal Honor Edition is BYD’s latest lower-priced EV to roll out, fueling its “liberation battle” against gas-powered cars. In comparison, the Tesla Model 3 starts at 245,900 yuan ($34,100).

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BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

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. For comparison, Tesla’s deliveries also declined in the first quarter by 8.5% year-over-year. The Chinese automaker has also had a challenging first quarter.

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Tesla (TSLA) drops on bad Chinese delivery numbers that mean nothing

Baua Electric

China is the world’s biggest auto market and by far the biggest EV market. Tesla has heavily relied on the Chinese market for growth in recent years. So the year-over-year comparison is not valuable this year. That said, there are reasons to be concerned about Tesla’s demand in China.

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