Category: eV

BYD offers discounts for Song and Seal as China’s auto price war intensifies

Consumers who order 's Song Plus lineup this month will receive a discount of RMB 6,800, or RMB 8,800 for the Seal.

(Image from BYD's Weibo)

As the price war intensifies in China's auto industry, BYD has also started offering discounts for its two models, even though the official prices remain unchanged.

Starting tomorrow, consumers who order BYD's Song Plus lineup can get a discount of RMB 6,800 ($980), or RMB 8,800 for the Seal, according to a BYD Weibo post today.

This is a limited-time marketing campaign valid from March 10 to March 31, BYD said.

BYD did not provide more details, but the Song family, as well as the Seal, are among its best-selling models.

BYD sold 193,655 new energy vehicles (NEVs) in February, including 191,664 passenger cars and 1,991 commercial vehicles, the company said in figures released on March 1.

Song family models sold 52,400 units in February, BYD's highest sales in the month, contributing 27 percent of all its passenger car sales.

Song family models include the hybrid Song Pro and Song Max, both of which are part of BYD's Dynasty lineup.

The family also includes the hybrid Song Plus DM-i and the all-electric Song Plus EV, which are part of BYD's Ocean series.

BYD announced today that the offer is limited to these two Song models in the Ocean series, as well as the Seal.

BYD's Seal sold 7,754 units in February, which was up 17.17 percent from 5,043 units in January. The model went on sale on July 29, 2022.

Since the end of last year, several EV makers have cut prices, including and (NYSE: XPEV).

Earlier this month, authorities in central China's Hubei province joined forces with a number of local car companies to offer subsidies for consumers to purchase vehicles, with some models offering subsidies of up to RMB 90,000, marking the open entry of fuel models into the price war.

The first to participate are the Dongfeng Motor family of brands, including Dongfeng Honda, Dongfeng Nissan, Dongfeng Citroen, Dongfeng Peugeot and Dongfeng Aeolus, with the Dongfeng Citroen C6 offering a combined subsidy of up to RMB 90,000.

($1 = RMB 6.962)

Automakers in central China's Hubei offer hefty subsidies as sales pressure mounts

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Tesla Model Y ranks No. 2 in top-selling SUVs in China in Feb

Song was the best-selling SUV in China in February with 51,592 retail sales, and the Model Y ranked No. 2 with 25,526 units.

TSLA.US

The (NASDAQ: TSLA) Model Y was the No. 2 best-selling SUV in China in February, with the BYD (OTCMKTS: BYDDY) Song taking the top spot by a significant margin.

Model Y retail sales in China in February were 25,526 units, up 37.3 percent from 18,593 units a year ago, according to data released today by the China Passenger Car Association (CPCA).

That puts the Tesla SUV at No. 2 on the list of best-selling SUVs in China, according to the CPCA's list.

The BYD Song topped the list with 51,592 retail sales in February, up 110.3 percent from 24,532 units in the same month last year.

BYD Yuan Plus retail sales in February were 20,279 units, up 349.1 percent from 4,515 units in the same month last year, and ranked third on the list.

In January-February, BYD Song retail sales were 101,301 units, up 115.6 percent year-on-year, making it the best-selling SUV in China for the first two months.

The Tesla Model Y came in second on the list with 39,710 units in the same period, up 13.6 percent year-on-year, and the Changan CS75 came in third with 35,030 units.

Notably, this is the first time the CPCA has not placed the Model Y in the ranking of high-end SUV sales with a starting price above 300,000 yuan ($43,080).

In the CPCA's previous lists, the Model Y has appeared in the premium SUV sales rankings, even though its starting price has been below RMB 300,000 after two major price cuts.

Tesla Model 3 sales in February were 8,397 units, up 82.3 percent from 4,607 units a year ago, according to the CPCA.

This puts the Model 3 at No. 7 among the best-selling new energy sedans in February.

The BYD Qin was the best-selling new energy sedan in February, with the NIO ET5 ranking 10th on the list with 6,471 units sold.

In January-February, the Tesla Model 3 retailed 21,056 units in China, placing it at No. 6 on the list of best-selling new energy sedans.

The ET5 sold 12,266 units in January-February, ranking No. 9 on the list.

($1 = 6.9661 RMB)

NIO ET5 drops 1 spot in ranking of top-selling premium sedans in China

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NIO ET5 drops 1 spot in ranking of top-selling premium sedans in China

ET5 ranks No. 7 with 6,471 retail sales in February, surpassed by Audi A4L with 6,935 sales.

NIO.US | 9866.HK | NIO.SG

NIO's (NYSE: NIO) ET5 electric sedan slipped in a China Passenger Car Association (CPCA) sales ranking of premium sedans, as it was passed by the Audi A4L last month.

With 6,471 retail sales in February, the ET5 ranked No. 7 in China for premium sedan sales starting at more than 300,000 yuan ($43,080), according to a list released today by the China Passenger Car Association (CPCA).

The ET5 ranking dropped one spot from January as the previously No. 7 Audi A4L outsold the ET5 with 6,935 units in February.

In January, the ET5 ranked No. 6 on the list with 5,795 retail sales, while the Audi A4L was ranked No. 7 with 4,943 units.

The ET5 is the cheapest in the NIO product array, with a starting price of RMB 328,000. Deliveries of the model began on September 30, 2022.

NIO delivered 12,157 vehicles in February, including 5,037 SUVs, and 7,120 sedans.

Considering that NIO's sedans include only the ET7 and ET5, this means that ET7 delivered 649 units in February.

The ET7 has failed to make the list for the past two months, and the flagship NIO sedan had 1,379 deliveries in December, when it ranked No. 10.

The Audi A6L was the best-selling premium sedan in China in February, with 12,167 units sold, and the top spot on the list in January was the BMW 5 Series.

The Mercedes-Benz E-Class and Mercedes-Benz C-Class came in second and third with 12,153 and 11,869 units respectively in February.

The BMW 5 Series and BMW 3 Series ranked fourth and fifth in February with 9,609 and 8,868 units respectively. The BMW 3 Series BEV ranked 8th with 2,976 units.

In January-February, the NIO ET5 ranked 6th with 12,266 units sold.

The Mercedes-Benz E-Class was the best-selling premium sedan in China in the first two months, with 26,696 units sold. The BMW 5 Series ranked second with 25,737 units.

The Audi A6L was No. 3 with 24,632 units, the Mercedes-Benz C-Class was No. 4 with 17,762 units and the BMW 3 Series was No. 5 with 16,627 units.

The Audi A4L ranked 7th with 11,878 units sold in January-February and the BMW 3 Series BEV ranked 8th with 6,600 units.

($1 = RMB 6.9661)

NIO ET5 ranks No. 6 on list of best-selling premium sedans in China in Jan

Top-selling premium sedans at retail in China in Feb 2023

RankingModelFeb 2023Feb 2022YoY
1Audi A6L12,1678,15349.2%
2Mercedes-Benz E-Class12,1539,37829.6%
3Mercedes-Benz C-Class11,8695,298124.0%
4BMW 5 Series9,6099,3522.7%
5BMW 3 Series8,86810,185-12.9%
6Audi A4L6,9359,460-26.7%
7NIO ET56,471NANA
8BMW 3 Series BEV2,976NANA
9Volvo S902,8931,66673.6%
10Hongqi H91,1591,477-21.5%

Top-selling premium sedans at retail in China in Jan-Feb 2023

RankingModelJan-Feb 2023Jan-Feb 2022YoY
1Mercedes-Benz E-Class26,69630,398-12.2%
2BMW 5 Series25,73735,444-27.4%
3Audi A6L24,63221,22016.1%
4Mercedes-Benz C-Class17,76215,57114.1%
5BMW 3 Series16,62734,581-51.9%
6NIO ET512,266NANA
7Audi A4L11,87826,204-54.7%
8BMW 3 Series BEV6,600NANA
9Volvo S905,1744,55213.7%
10Hongqi H91,9624,563-57.0%

The post NIO ET5 drops 1 spot in ranking of top-selling premium sedans in China appeared first on CnEVPost.

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