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price cuts

Chinese EV makers Li Auto, Nio, Xpeng report sales surge as price war lures buyers but imperils profits

by Anas Siddiqui
Chinese EV makers Li Auto, Nio, Xpeng report sales surge as price war lures buyers but imperils profits

China’s top electric vehicle (EV) makers increased deliveries by up to 36 per cent month on month in May as promotional campaigns and low prices lured consumers, but analysts warned …

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Xpeng trims net loss in first quarter as deliveries, margins increase and licensing fees from VW jump

by Anas Siddiqui
Xpeng trims net loss in first quarter as deliveries, margins increase and licensing fees from VW jump

Chinese electric vehicle (EV) maker Xpeng said losses narrowed last quarter on higher sales while margins improved, delivering a better report card than predicted by stock analysts. It also received …

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China EV price war to worsen as market share takes priority over profit, hastening demise of smaller players

by Anas Siddiqui
China EV price war to worsen as market share takes priority over profit, hastening demise of smaller players

A bruising price war in China’s automotive sector is set to escalate as electric vehicle (EV) makers intensify their bid for a bigger piece of the world’s biggest automobile market, …

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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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Tesla knocks BYD off its perch as world’s largest pure EV makers struggle to win new customers in China’s shrinking market

by Anas Siddiqui
Tesla knocks BYD off its perch as world’s largest pure EV makers struggle to win new customers in China’s shrinking market

Tesla regained its crown as the world’s biggest seller of pure electric vehicles (EVs) in the first quarter, as Huawei Technologies and other start-ups snapped at the heels of the …

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BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

by Anas Siddiqui
BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

BYD, the world’s largest electric-vehicle (EV) maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a …

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BYD takes fight to EV laggards with China price cuts

by Horatio Thompson
BYD takes fight to EV laggards with China price cuts

Not content with unseating Tesla as the world’s top-selling electric car maker, BYD has now set its sights on stealing customers from the likes of Toyota Motor and Volkswagen in …

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China’s BYD to spend US$55 million on buy-back of Shenzhen-listed shares as world’s largest EV maker eyes higher market value

by Anas Siddiqui
China’s BYD to spend US million on buy-back of Shenzhen-listed shares as world’s largest EV maker eyes higher market value

BYD, the world’s largest electric vehicle (EV) maker, plans to buy back 400 million yuan (US$55.56 million) worth of its mainland-listed shares, with the aim of lifting the company’s stock …

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China’s EV price war to hot up as carmakers respond to BYD’s discounts and apply more pressure on petrol vehicle industry

by Anas Siddiqui
China’s EV price war to hot up as carmakers respond to BYD’s discounts and apply more pressure on petrol vehicle industry

Three carmakers, including a General Motor’s (GM) venture, have priced their electric vehicles (EVs) below the 100,000 yuan (US$13,894) threshold in China, firing the first salvo in a price war …

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Tesla cuts prices in China on Model 3 and Model Y EVs to keep commanding lead in premium segment of fast-growing market

by Anas Siddiqui
Tesla cuts prices in China on Model 3 and Model Y EVs to keep commanding lead in premium segment of fast-growing market

Tesla has cut the prices of its Shanghai-made vehicles by up to 6 per cent as it works to maintain its leading position in the premium segment of the world’s …

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