For comparison, 150 models experienced price reduction in 2023 and 95 models in 2022.
The post 195 Chinese vehicle models experienced price reduction, Jan – Sept 2024 appeared first on CarNewsChina.com.
Category: price war
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 higher than the 95 models in 2022.
For details, please visit CnEVPost.
CAAM submits ‘urgent report’ to Chinese authorities as price wars leave dealers in peril
CAAM has called on Chinese authorities to introduce financial relief for the dealership sector, saying that price wars have led to a cumulative loss of RMB 138 billion yuan ($19.6 billion) in new car retail sales in the January-August period.
For details, please visit CnEVPost.
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.
For details, please visit CnEVPost.
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.
For details, please visit CnEVPost.
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.
For details, please visit CnEVPost.
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.
For details, please visit CnEVPost.
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.
For details and more articles, please visit CnEVPost.
BYD launches updated Tang EV and Tang DM-p with lower prices
The updated Tang EV price has been reduced by RMB 30,000, and the Tang DM-p price by RMB 40,000.
The post BYD launches updated Tang EV and Tang DM-p with lower prices appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Xpeng launches new variant for G6 SUV with lower price tag
Xpeng has launched the G6 580 Plus with a starting price of RMB 199,900 ($27,630), or RMB 179,900 after discount.
The post Xpeng launches new variant for G6 SUV with lower price tag appeared first on CnEVPost.
For more articles, please visit CnEVPost.
