Price War
Lynk & Co offers limited-time discounts on 2 models
Lynk & Co is offering limited-time discounts of up to RMB 17,000 on two hybrid models.
Arcfox cuts prices by up to 23% to boost sales
Arcfox has drastically reduced the official guide prices of 2 models and offered a limited time discount for another.
Nio Onvo ramps up promotions in renewed price war
Onvo continues to offer a zero down payment, three-year interest-free financing program and additionally began offering option discounts.
IM Motors offers limited-time $4,130 discount on L6 electric sedan
The discount, available this month, reduces the starting price of the IM L6 by 13.64 percent to RMB 189,900.
Xpeng rolls out 0 down payment, up to 5 years of 0 interest financing in revived price war
Almost simultaneously with Tesla, Xpeng announced a zero-down payment, up to five-year zero-interest financing to boost sales in the slow season.
Tesla offers insurance subsidy for Model 3 in China, firing 1st shot in renewed price war
Tesla is offering RMB 8,000 ($1,100) in insurance subsidy for the Model 3, restarting a promotional tool it has used many times previously on the first working day of the Year of the Snake in the Chinese lunar calendar.
China auto market sees 227 models with price cuts in 2024
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.
Wuling slashes prices of electric Binguo SUV by up to 6%
Wuling's move brings the price of an electric model with a range of 500 km below RMB 90,000 yuan.
Xpeng CEO sets tone for 2025 in internal letter, expects price war to resume in Jan
Xpeng CEO has revealed the company's key tasks for 2025 and his view of the market in an internal letter, telling employees to prepare for tougher competition.
BYD asks suppliers to cut prices as China EV market set to see tougher competition
BYD is asking some of its passenger car suppliers to lower their parts quotes, as it expects competition in the NEV market to be fiercer in 2025.