discount war

New Business

China’s EV king BYD builds export momentum, expects sales abroad to top 20% this year

Chinese electric-vehicle (EV) king BYD expects exports to make up about 20 per cent of its global sales this year,…

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New Business

Chinese EV makers’ budget-friendly models power sales in August

Leapmotor, Xpeng and Galaxy reported sizzling sales, driven by their cheaper models featuring self-driving and in-car entertainment systems similar to…

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New Business

Leapmotor, Xpeng report record July sales as their cheaper EVs appeal to Chinese consumers

Chinese electric vehicle (EV) makers Leapmotor and Xpeng reported record sales last month, spurred by the popularity of their inexpensive…

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New Business

China’s Geely to stop building new car plants amid severe global overcapacity: Li Shufu

Geely Auto, the mainland’s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely…

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New Business

Tesla’s February sales slump in China as buyers turn to domestic rivals BYD, Xiaomi, Xpeng

Tesla continued to lose market share on the mainland to its Chinese rivals in February, as sales plunged more than…

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New Business

Beijing renews EV subsidy to spur sales, keeps size of incentive unchanged from 2024

China renewed a trade-in subsidy that spurred electric vehicle (EV) sales last year, keeping the size of the incentive unchanged…

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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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