Smart and Sustainable Electric Mobility
BYD owners drove a cumulative total of about 3.76 billion kilometers from February 10-17, and Tesla owners in China drove more than 700 million kilometers, according to their numbers.
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The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA.
The post Price war in China's passenger car market to remain fierce in 2024, says CPCA secretary-general appeared first on CnEVPost.
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Neta cut the prices of almost its entire model range, with the compact SUV Neta X seeing the highest reduction.
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Wang has restructured Xpeng's overseas business team, adding the Middle East as a key market and will invest more resources, according to local media.
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BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process.
The post Wuling follows BYD by cutting hybrid sedan price by $830 appeared first on CnEVPost.
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Lotus Technology plans to merge with L Catterton Asia Acquisition Corp in order to list on the Nasdaq, issuing up to 181,315,064 ordinary shares.
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BYD makes its hybrid models less expensive than its petrol counterparts in a strong second offensive against them.
The post BYD rolls out new, less expensive variants for 2 NEV models to further undercut fuel cars appeared first on CnEVPost.
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BYD will launch new variants of the Qin Plus and Chaser 05 in Glory Editions on February 20, both starting at RMB 79,800, or $11,100, according to local media.
The post BYD reportedly to launch lower-priced NEVs on Feb 20 to further offensive against ICE models appeared first on CnEVPost.
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Among the top 5, Tesla only produces BEVs, while the other automakers produce both BEVs and PHEVs.
The post Automakers' share of China's NEV market in Jan: BYD tops with 31%, Tesla 5th with 6% appeared first on CnEVPost.
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Employees will be paid as usual until February 18, and after March 15 only HiPhi employees in Shanghai will receive basic pay, according to local media.
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