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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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Polestar 3 launches in China with $29k price cut

Teslarati

Polestar has launched the Polestar 3 electric SUV in China and has slashed its starting price by roughly $29,000. Polestar is working to dramatically increase the size of its EV lineup over the coming years, and the first new vehicle it is launching is the Polestar 3.

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Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

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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Tesla Model 3 Performance export fleet spotted in Shanghai Southport Terminal

Teslarati

It was then no surprise that Giga Shanghai, which produces the Model 3 Performance for both the domestic Chinese market and foreign territories , seems to have become very busy producing the vehicle. After all, apart from its specs, the new top-tier Model 3 is priced very reasonably.

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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

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%). Munoz added: “Chinese brands still have a long way to go before they occupy a significant part of the European market.

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Tesla will need further price cuts to trigger China demand: Morgan Stanley

Teslarati

Tesla ( NASDAQ: TSLA ) will need to cut prices further to trigger demand once again in China, a note from Morgan Stanley said. Tesla’s most recent price cuts did not get the job done, the firm believes, but it did help more companies trigger reductions of their own, which is best for consumers. I’d love to hear from you!

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