Price War
BYD launches refreshed Dolphin, reducing starting price by 15%
The updated BYD Dolphin has a starting price of RMB 99,800, which is RMB 17,000, or 14.55 percent, lower than the previous starting price.
Buick launches updated Electra E4 in China with $4,180 lower starting price
Buick has become the latest to join the price war, with significant price cuts for all four trims of the Electra E4.
Changan's NEV arm Deepal launches updated SL03 BEV with lower starting price
Deepal has lowered the starting price of the SL03 BEV by RMB 7,000 and is offering customers an additional RMB 10,000 cash discount.
BYD to launch refreshed Dolphin on Feb 23, may continue its push for lower prices
BYD yesterday launched lower-priced updated versions of its two budget sedans, triggering several local peers to follow suit with price cuts.
Price war in China's passenger car market to remain fierce in 2024, says CPCA secretary-general
The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA.
Neta cuts prices by as much as $3,060 as price war intensifies
Neta cut the prices of almost its entire model range, with the compact SUV Neta X seeing the highest reduction.
Wuling follows BYD by cutting hybrid sedan price by $830
BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process.
BYD rolls out new, less expensive variants for 2 NEV models to further undercut fuel cars
BYD makes its hybrid models less expensive than their petrol counterparts in a strong second offensive against them.
BYD reportedly to launch lower-priced NEVs on Feb 20 to further offensive against ICE models
BYD will launch new variants of the Qin Plus and Chaser 05 in Glory Editions on February 20, both starting at RMB 79,800, or $11,100, according to local media.
Xpeng sees price competition continuing until traditional OEMs can't profit on ICEs
Xpeng believes that expanding volumes is critical, and will continue to prioritize volumes into 2024, as well as improving profitability through cost reductions.
