China auto market sees 227 models with price cuts in 2024
China's auto market saw 227 models with price cuts in 2024, more than 148 in 2023 and significantly higher than 95 in 2022, according to CPCA…
Wuling slashes prices of electric Binguo SUV by up to 6%
Wuling's move brings the price of an electric model with a range of 500 km below RMB 90,000 yuan.
Xpeng CEO sets tone for 2025 in internal letter, expects price war to resume in Jan
Xpeng CEO has revealed the company's key tasks for 2025 and his view of the market in an internal letter, telling employees to prepare for…
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…
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…
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.