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.
CN EV Post
APRIL 6, 2023
With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. Many automakers in China launched rare price wars in March to try to boost sales. The Vehicle Inventory Alert Index for China's auto market was 62.4 down from 74.6
Electrek
OCTOBER 24, 2023
Despite recently entering the Thai auto market, BYD has already surpassed several Japanese rivals in sales as it sneaks up on Toyota’s spotlight. more… The post BYD is stealing Toyota’s limelight in this key auto market with low-priced EVs appeared first on Electrek.
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.
CN EV Post
MARCH 2, 2023
In January and February, insurance registrations for passenger cars in China were down more than 25 percent from a year earlier, Li Auto CEO said, citing insurance registration data. The post Lithium carbonate prices to fall sharply as demand far below expectations, Li Auto CEO says appeared first on CnEVPost.
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.
CN EV Post
MARCH 9, 2023
Image from BYD's Weibo) As the price war intensifies in China's auto industry, BYD has also started offering discounts for its two models, even though the official prices remain unchanged. Since the end of last year, several EV makers have cut prices, including Tesla and XPeng (NYSE: XPEV).
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