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price competition

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

by Anas Siddiqui
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 the International Intelligent Vehicle Engineering Association. “When they run out …

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China’s EV price war spreads overseas as carmakers chase market share, higher profit margins

by Anas Siddiqui
China’s EV price war spreads overseas as carmakers chase market share, higher profit margins

“This is not a good sign for Chinese automotive companies as we accelerate our pace of going global.” China is the world’s largest automotive and EV market, with nearly four …

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Tesla’s closest Chinese rival, Li Auto, slashes prices as EV discount war spreads to premium market

by Anas Siddiqui
Tesla’s closest Chinese rival, Li Auto, slashes prices as EV discount war spreads to premium market

Li Auto, Tesla’s nearest rival in mainland China, reduced the price of all its vehicles by up to 5.7 per cent, just a day after the US carmaker offered discounts …

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