discount war

New Business

Chinese EV makers BYD and Li Auto report higher earnings, narrower margins

“Top players have shown their resilience after getting off to a slow start this year,” said Ding Haifeng, a consultant…

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Tech

Chinese EV makers’ losses mount as rising sales fail to offset steep discounts

“Time is against many companies since they need to survive a cutthroat price war,” said David Zhang, general secretary of…

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New Business

BYD cuts premium prices by 17.3%, opening new front in China’s EV discount war

BYD has slashed the prices of its Fang Cheng Bao models as the battle for customers among Chinese electric vehicle…

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New Business

China doubles cash subsidies to propel EV sales as economic growth falls short

Beijing has doubled subsidies granted to electric vehicle (EV) buyers, just three months after it rolled out incentives to accelerate…

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