Price War
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.
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.
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.
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.
Tesla cuts prices across its entire lineup in China
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.
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.
Xpeng extends promotion for G9 with bigger incentives
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.
Huawei-backed Aito offers 8% discount on M7
The updated Aito M7, which went on sale in September 2023, gained more than 130,000 firm orders in its first four months, according to figures previously announced by Huawei.
Nio launches up to RMB 1 billion trade-in subsidy to lure petrol car customers
Petrol car owners who buy a new Nio vehicle through trade-in will receive up to RMB 15,000 in option funds, RMB 6,498 worth of Nio Phone discount coupons.
Tesla raises Model Y full lineup price by $690 in China
Tesla has raised the prices of all three variants of the Model Y by RMB 5,000 in China, in contrast to the price cuts made by other EV makers in the ongoing price war.
