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price war

China’s Xpeng edges closer to selling right-hand drive EVs in Hong Kong, appointing Malaysian firm as local distributor

by Anas Siddiqui
China’s Xpeng edges closer to selling right-hand drive EVs in Hong Kong, appointing Malaysian firm as local distributor

Chinese electric vehicle (EV) maker Xpeng has taken a significant step towards tapping the right-hand drive market after forming a partnership with Sime Darby group of Malaysia to distribute its …

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China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

by Anas Siddiqui
China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Li Auto, Tesla’s nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country’s electric vehicle (EV) market. …

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Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

by Anas Siddiqui
Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

Goldman Sachs said in a research note on April 1 that it believed the fully electric sedan “is highly competitive and demonstrates Xiaomi’s capabilities of becoming a potential price leader …

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Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

by Anas Siddiqui
Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, …

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China EV war: BYD takes on laggards Toyota, VW with steep price cuts

by Anas Siddiqui
China EV war: BYD takes on laggards Toyota, VW with steep price cuts

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

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Indonesian logistics giant J&T turns first profit in China, making up bulk of its revenue, despite price war

by Anas Siddiqui
Indonesian logistics giant J&T turns first profit in China, making up bulk of its revenue, despite price war

Indonesian logistics company J&T Global Express reported its first annual profit in China despite an escalating industry price war in its first earnings report since going public in Hong Kong …

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Premium Chinese EV maker Xpeng eyes slice of mass-market segment with launch of cheaper models to take on bigger rival BYD

by Anas Siddiqui
Premium Chinese EV maker Xpeng eyes slice of mass-market segment with launch of cheaper models to take on bigger rival BYD

Chinese premium electric-vehicle (EV) maker Xpeng plans to launch a mass-market brand in a month to challenge market leader BYD amid an escalating price war. Models under this new brand …

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China EV war: BYD prices a fifth car below 100,000 yuan threshold as it takes offensive in market-share battle

by Anas Siddiqui
China EV war: BYD prices a fifth car below 100,000 yuan threshold as it takes offensive in market-share battle

“BYD appears to be extremely aggressive in driving a transition from petrol cars to EVs in the country’s automotive industry,” said Eric Han, a ­senior manager at Suolei, an advisory …

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China EVs: Xiaomi to deliver highly anticipated SU7 from month-end as it takes on Tesla, BYD amid raging price war

by Anas Siddiqui
China EVs: Xiaomi to deliver highly anticipated SU7 from month-end as it takes on Tesla, BYD amid raging price war

Chinese smartphone maker Xiaomi will start deliveries of its maiden electric vehicle (EV) on March 28 as it joins the fray against established players like BYD and Tesla amid an …

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Tesla fails to keep up with China’s fast-growing EV sector amid escalating price war, posts declining February sales

by Anas Siddiqui
Tesla fails to keep up with China’s fast-growing EV sector amid escalating price war, posts declining February sales

Tesla’s February deliveries in mainland China, the world’s largest electric-vehicle (EV) market, failed to keep up with the overall industry amid an escalating price war. The US carmaker’s Gigafactory in …

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