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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. 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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BMW and VW join five automakers in price war against Tesla

Teslarati

BMW and Volkswagen (VW) have announced massive price cuts in China, following the likes of 5 other automakers who are battling an initial price cut from Tesla late last year. Tesla’s massive price cut in China has caused an avalanche of similar price adjustments from competing manufacturers attempting to keep up.

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Look out LandCruiser, Patrol, Range Rover, Benz, BMW: Huge, powerful, pricey BYD Yangwang U8 SUV confirmed for Australia

EV Central

The outrageous BYD Yangwang U8 luxury SUV is headed for Australia. Local BYD importer Luke Todd has confirmed the deal is done and examples of the 880kW heavy duty off-roader could roll into local showrooms as soon as late 2025. 2024 BYD Seal U electric SUV appears as Australian launch looms 2023 Yangwang U8.

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BYD Launches 1,000+ HP Supercar And SUV Under YangWang Luxury EV Brand

Electric Cars Report

Chinese EV maker BYD unveiled its first new YangWang sub-brand on Thursday, which aims to compete with European luxury marques like Audi, BMW and Mercedes-Benz BYD unveiled its first two luxury car models, the U8 electric off-roader and U9 electric sports car.

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BYD slashes EV prices in Germany as it looks to push past Tesla, EU automakers

Baua Electric

BYD is significantly lowering EV prices in Germany to extend its global lead. The automaker slashed prices by up to 15% on its most popular EVs. BYD cuts EV prices in Germany in overseas expansion After overtaking Tesla in EV sales in the last three months of 2023, BYD aims to extend its lead in key markets.

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BYD sees bigger profits on some EVs sold in the EU than in China, even with tariffs

Baua Electric

After the EU announced new tariffs on Chinese EV imports, BYD is subject to an additional 17.4% However, with BYD reportedly generating higher EV profits on models like the Seal U in the EU than in China, the EV leader is expected to overcome the impact. BYD announced it would enter the European car market in 2020.

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CATL still dominates the EV battery market share in 2024, but BYD is gaining ground

Baua Electric

As global EV battery consumption continues rising, the most prominent players, including CATL and BYD, continue dominating the market in 2024. CATL still owns over a third of the market, but BYD looks to close the gap with new lower-priced EVs. Despite a slow start to 2024 due to the Chinese New Year, BYD saw solid sales growth.

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