Price War
BYD asks suppliers to cut prices as China EV market set to see tougher competition
BYD is asking some of its passenger car suppliers to lower their parts quotes, as it expects competition in the NEV market to be fiercer in 2025.
China's auto market sees 195 models cut prices in Jan-Sept, surpassing all of 2023
In the January-September period, China saw 195 models with price cuts, surpassing the 150 models in the whole of 2023, and significantly higher than the 95 models in 2022.
Industry body submits 'urgent report' to Chinese authorities as price wars leave dealers in peril
CADA has called on Chinese authorities to introduce financial relief for the dealership sector, saying that price wars have led to a cumulative loss of RMB 138 billion yuan ($19.6 billion) in new car retail sales in the January-August period.
BYD Fang Cheng Bao cuts Bao 5 price by up to 17%
The Bao 5 was launched on November 9, 2023, and monthly deliveries have been below 3,000 units for the past three months.
Nio reportedly to scale back car purchase incentives next week
Nio will reduce discounts by RMB 3,000 for the ET5 and ET5 Touring and RMB 5,000 for the ES6 and EC6 on July 22, according to local media.
German luxury brands back away from China's auto market price war
BMW was the first to withdraw from the price war in China's car market, scaling back incentives, with Mercedes-Benz and Audi following suit.
China EV price competition 'eases...for now,' says Morgan Stanley
BYD's blended price rose 1 percent month-on-month in June, while those of Nio, Xpeng, and Li Auto remained stable.
BYD launches updated Tang EV and Tang DM-p with lower prices
The updated Tang EV price has been reduced by RMB 30,000, and the Tang DM-p price by RMB 40,000.
Tesla cuts prices across its entire lineup in China
Prices for the locally produced Model 3 and Model Y have been cut by around 4-6 percent, while the imported Model S and Model X have been reduced by as much as 22 percent.
Xpeng launches new variant for G6 SUV with lower price tag
Xpeng has launched the G6 580 Plus with a starting price of RMB 199,900 ($27,630), or RMB 179,900 after discount.
