The pricewar doesn't end in China and BYD fired the first shots in the new year.
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Category: China
Xpeng president Wang Fengying has taken over overseas business, report says
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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Wuling follows BYD by cutting hybrid sedan price by $830
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.
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HiPhi halts all production with immediate effect in China
So it begins.
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Lotus Tech files with Chinese securities regulator for US listing
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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Li Auto’s spring 2024 launch event to begin at 3:00 pm Beijing Time on Mar 1
Li Auto will launch its first BEV model, the Li Mega, as well as the 2024 L-series EREVs at the event.
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BYD says it will bolster R&D investment as engineers exceed 90,000
To date, BYD has more than 90,000 R&D engineers and has filed more than 48,000 patents worldwide, according to an announcement.
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BYD rolls out new, less expensive variants for 2 NEV models to further undercut fuel cars
BYD makes its hybrid models less expensive than its petrol counterparts in a strong second offensive against them.
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BYD reportedly to launch lower-priced NEVs on Feb 20 to further offensive against ICE models
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.
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Automakers’ share of China’s NEV market in Jan: BYD tops with 31%, Tesla 5th with 6%
Among the top 5, Tesla only produces BEVs, while the other automakers produce both BEVs and PHEVs.
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