Now the price of this vehicle's lowest and highest versions is 30,100 USD and 47,300 USD
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Tagged: China
China auto price war: BMW dealers offer discounts of up to $14,360 for i3
A rare price stampede is taking place in the Chinese auto market.
(Image from BMW China Weibo)
As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.
In the past two days, rumors have surfaced that BMW dealers are offering massive subsidies for the i3 in China, and that consumers who pay full cash for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price.
BMW insiders deny this, local media Cailian reported today. However, salespeople at BMW dealers say they are indeed offering discounts, and that these measures were introduced only this month, according to the report.
For the BMW i3 eDrive35 L, which currently has a guide price of RMB 353,900, the cost after discounts is RMB 248,000, the report said, citing BMW dealership sources.
Consumers will also receive an additional RMB 6,000 subsidy if they trade in their vehicles, the sources said.
BMW officially made the BMW i3 available in China on March 31, 2022, when only one version, the BMW i3 eDrive35L, was offered, and only for the Chinese market.
BMW's suggested retail price for the BMW i3 eDrive35L at the time was RMB 349,900, and its website currently displays a suggested retail price of RMB 353,900.
On February 20, BMW announced the launch of the BMW i3 eDrive40L in China, offering two versions with starting prices of RMB 383,900 and RMB 413,900 respectively.
The BMW i3 eDrive40L is the premium model of the BMW i3 with better performance and a longer range, the company said in a press release.
Notably, in late November last year, a media report said that Chinese consumers were offered discounts of RMB 80,000-100,000 by dealers when purchasing the BMW i3.
There were even dealers offering discounts of RMB 105,000, equivalent to a 30 percent discount, bringing the vehicle's selling price down to around RMB 245,000, Cheshi reported at the time.
These deals seem to have worked to boost sales in the past few months, as the BMW 3 Series BEV, or BMW i3, sold 2,976 units at retail in China in February, placing it as No. 8 on the list of high-end sedans with a starting price above RMB 300,000 in China, according to a list released earlier today by the China Passenger Car Association (CPCA). A list.
In addition to BMW, Mercedes-Benz dealers are also rumored to be offering huge discounts, including up to RMB 110,000 for the Mercedes-Benz C-Class and Mercedes-Benz E-Class.
Cailian today quoted a Mercedes insider as saying there is no such thing. A salesperson at a Mercedes-Benz dealership store in Beijing said that the information circulating on the Internet was untrue and that consumers could only get discounts on their purchases if they registered their vehicles in Beijing.
The Mercedes-Benz C-Class is currently discounted by RMB 60,000 and the Mercedes-Benz E-Class by RMB 50,000, the salesperson said.
The rumors and the dealers' moves come as the Chinese auto industry is staging a rare price war.
Earlier this month, authorities in central China's Hubei province joined forces with a number of local car companies to offer subsidies to consumers for car purchases of up to RMB 90,000 for some models, marking the open entry of fuel models into the price war.
As things stand, car companies are already stampeding each other, Cailian quoted auto industry analyst Zhu Yulong as saying.
The previous price cuts by Tesla had a big impact on the car market, and whoever acts first now will have a head start, Zhu said.
For the internal combustion engine vehicle market, new emission standards that will come into effect on July 1 are one of the major factors that will cause them to cut prices.
China will start enforcing national standard 6b in the second half of the year, which is described as the world's most stringent emissions standard and will force car companies to try to clear their inventories by July, Cailian said, citing a source from consulting firm Ways.
It is worth noting that the sharp price cuts by ICE car companies, which appeared in the process of reducing prices or offering discounts by electric vehicle companies, also brought an impact to the NEV industry.
Earlier today, BYD announced that consumers who order the BYD Song Plus series from March 10 to March 31 will receive a discount of RMB 6,800, or RMB 8,800 for the Seal.
(1 $= RMB 6.9643)
Automakers in central China's Hubei offer hefty subsidies as sales pressure mounts
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BYD offers discounts for Song and Seal as China’s auto price war intensifies
Consumers who order BYD'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 Tesla and XPeng (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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China’s MIIT Unveils Neta GT: a two-door pure electric sports car
Neta has slapped the GT badgee on its 456 hp pure electric sports car.
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Denza N7 unveiled in China with loads of BYD tech
The BYD's Denza N7 is unveiled in China with LiDAR sensors, 530 hp and Blade batteries from BYD. LEt's get to more details about the N7.
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BYD’s F-Brand off-road EV will have 680 HP, starting at $58,000, to compete with G class
YangWang U8 is not enough for BYD, so here comes another SUV - a little bit cheaper.
The post BYD’s F-Brand off-road EV will have 680 HP, starting at $58,000, to compete with G class appeared first on CarNewsChina.com.
Tesla Model Y ranks No. 2 in top-selling SUVs in China in Feb
TSLA.USBYD 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.
The Tesla (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 NIO 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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Chinese regulator revealed Tesla Model Y without ultrasonic sensors, relies on Vision only
These are the sensors that trigger the beep sound when you park and are too close to another car. Now it will use only cameras.
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NIO ET5 drops 1 spot in ranking of top-selling premium sedans in China
NIO 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
| Ranking | Model | Feb 2023 | Feb 2022 | YoY |
|---|---|---|---|---|
| 1 | Audi A6L | 12,167 | 8,153 | 49.2% |
| 2 | Mercedes-Benz E-Class | 12,153 | 9,378 | 29.6% |
| 3 | Mercedes-Benz C-Class | 11,869 | 5,298 | 124.0% |
| 4 | BMW 5 Series | 9,609 | 9,352 | 2.7% |
| 5 | BMW 3 Series | 8,868 | 10,185 | -12.9% |
| 6 | Audi A4L | 6,935 | 9,460 | -26.7% |
| 7 | NIO ET5 | 6,471 | NA | NA |
| 8 | BMW 3 Series BEV | 2,976 | NA | NA |
| 9 | Volvo S90 | 2,893 | 1,666 | 73.6% |
| 10 | Hongqi H9 | 1,159 | 1,477 | -21.5% |
Top-selling premium sedans at retail in China in Jan-Feb 2023
| Ranking | Model | Jan-Feb 2023 | Jan-Feb 2022 | YoY |
|---|---|---|---|---|
| 1 | Mercedes-Benz E-Class | 26,696 | 30,398 | -12.2% |
| 2 | BMW 5 Series | 25,737 | 35,444 | -27.4% |
| 3 | Audi A6L | 24,632 | 21,220 | 16.1% |
| 4 | Mercedes-Benz C-Class | 17,762 | 15,571 | 14.1% |
| 5 | BMW 3 Series | 16,627 | 34,581 | -51.9% |
| 6 | NIO ET5 | 12,266 | NA | NA |
| 7 | Audi A4L | 11,878 | 26,204 | -54.7% |
| 8 | BMW 3 Series BEV | 6,600 | NA | NA |
| 9 | Volvo S90 | 5,174 | 4,552 | 13.7% |
| 10 | Hongqi H9 | 1,962 | 4,563 | -57.0% |
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Regulatory filing: Here are core specs for BYD’s Denza brand’s new SUV, Denza N7
The Denza N7 will be available in single- and dual-motor versions, with an option for LiDARs, which are set on both sides of the front bumper.
BYDDY.US | 1211.HK
The Denza N7, a new SUV from BYD's premium new energy vehicle (NEV) brand Denza, has appeared on a regulatory filing list, after the brand began warming up for the model earlier this week.
China's Ministry of Industry and Information Technology (MIIT) today announced the latest batch of models that will be allowed to be sold in China, and the Denza N7 is included in the list.
The public can submit their feedback on the list between March 9 and March 15. Entry into the catalog is the last major regulatory process before a model is allowed to be sold in China.
The Denza N7 is available in four versions, including two single-motor versions and two dual-motor versions, the former with a motor with peak power of 230 kW and the latter with an additional motor with peak power of 160 kW.
The vehicle measures 4,860 mm in length, 1,935 mm in width and 1,602 mm in height, and has a wheelbase of 2,940 mm. It can reach a top speed of 180 km/h.
The Denza N7 will be powered by lithium iron phosphate batteries from BYD's battery division, FinDreams Battery.
It will be offered with the LiDARs, which are set on both sides of the front bumper, similar to the setup of the XPeng G9.
On December 20, Zhao Changjiang, general manager of Denza's sales division, shared six spy photos of the SUV on Weibo, showing what the model could look like.
In the comments section of that Weibo, Zhao said the SUV is aimed at capturing the market for traditional internal combustion engine cars priced around 400,000 yuan ($57,440).
The model's exterior restores much of the design of Denza's concept car INCEPTION, which was unveiled at the Chengdu auto show on August 26, 2022.
Denza's previously announced 2023 new vehicle plan shows that it will release two new vehicles this year, the Denza N7, a five-seat midsize SUV, and the Denza N8, a midsize SUV with six and seven-seat layouts.
Denza was established in February 2011 as a joint venture between BYD and Daimler, with each of them holding a 50 percent stake at the time. Last year, BYD's stake in Denza was increased to 90 percent.
Denza's only model currently on sale, the D9 MPV, went on sale on August 23, 2022, with deliveries starting October 26.
The brand sold 7,325 vehicles in February, up 13.76 percent from 6,439 in January, according to figures it announced earlier this month.
($1 = 6.9642 yuan)
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