price competition

New Business

Chinese EV makers from Leapmotor to Zeekr challenge Tesla in premium segment

Chinese electric-vehicle (EV) makers are raising the game in the premium segment by launching more spacious and longer-range models to…

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New Business

Chinese EV maker BYD’s profits fall as price war at home swamps surging overseas sales

China’s electric-vehicle (EV) king BYD reported a 30 per cent drop in profits in the second quarter as surging overseas…

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New Business

Tesla China starts taking orders for longer-range Model 3 EV, with 14% price bump

Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from…

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New Business

Why competition is heating up in China’s sub-US$20,000 EV segment

Competition in mainland China’s budget electric vehicle (EV) segment is likely to intensify as consumers seek value for money, according…

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New Business

Starbucks, Luckin get buzz from smaller-city coffee sales in China

As coffee chains in China struggle with a bitter combination of sluggish consumption and cutthroat pricing, Starbucks and Luckin Coffee…

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New Business

BYD beats Tesla again as sales top US$100 billion on surging EV deliveries

Chinese electric-car (EV) maker BYD is setting new sales milestones in its global rivalry with Tesla, after snatching its crown…

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New Business

Geely, Xpeng EV models threaten market leaders with cheaper, more intelligent cars

Two electric vehicle (EV) models targeting middle-income consumers in mainland China with lower prices have emerged as Tesla’s strongest rivals,…

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New Business

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD Holdings shares plunged by more than 10 per cent in pre-market trading, despite a 44 per cent rise in…

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New Business

Chinese EV maker Hozon launches latest model to boost sales ahead of Hong Kong IPO

“We feel it safe to say that the new model is worth owning because it will offer customers the best…

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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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