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 secretary-general.
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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 secretary-general.
For details, please visit CnEVPost.
The Sealion 05 DM-i has a discounted starting price of RMB 99,800 ($13,670) as BYD looks to capitalize on the peak sales season ahead of the upcoming Chinese New Year holiday.
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BMW sub-brand Mini is offering limited-time discounts of up to 29 percent on two EV models in China, just months after launching them.
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In the January-September period, China saw 195 models with price cuts, surpassing the 150 models in the whole of 2023, and significantly higher than the 95 models in 2022.
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The Bao 5 was launched on November 9, 2023, and monthly deliveries have been below 3,000 units for the past three months.
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The Bao 5 was launched on November 9, 2023, and monthly deliveries have been below 3,000 units for the past three months.
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Most of the price cuts for Li Auto's L-series models are RMB 20,000, and the Li Mega saw the biggest drop at RMB 30,000.
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Prices for the locally produced Model 3 and Model Y have been cut by around 4-6 percent, while the imported Model S and Model X have been reduced by as much as 22 percent.
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Xpeng has launched the G6 580 Plus with a starting price of RMB 199,900 ($27,630), or RMB 179,900 after discount.
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Xpeng is offering a RMB 20,000 cash discount on the G9 in April, doubling the RMB 10,000 it offered in February and March.
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