price war Tag

10 Apr China’s Xpeng edges closer to selling right-hand drive EVs in Hong Kong, appointing Malaysian firm as local distributor

Posted at 02:00h in Asia

Chinese electric vehicle (EV) maker Xpeng has taken a significant step towards tapping the right-hand drive market after forming a partnership with Sime Darby group of Malaysia to distribute its cars in Hong Kong.It is poised to become the first major Chinese electric car assembler...

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08 Apr China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Posted at 22:00h in Asia

Li Auto, Tesla’s nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country’s electric vehicle (EV) market.The mid-sized, five-seater Li L6 sport-utility vehicle (SUV) will be priced below 300,000 yuan (US$41,470), the...

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07 Apr Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

Posted at 10:15h in Asia

Goldman Sachs said in a research note on April 1 that it believed the fully electric sedan “is highly competitive and demonstrates Xiaomi’s capabilities of becoming a potential price leader in the market rather than a price follower.”The SU7, fitted with intelligent features such as...

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01 Apr Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Posted at 12:30h in Asia

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, the world’s largest EV maker, said the sales of its pure electric and plug-in hybrids...

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25 Mar China EV war: BYD takes on laggards Toyota, VW with steep price cuts

Posted at 04:32h in Asia

Not content with unseating Tesla as the world’s top-selling electric-vehicle maker, BYD has now set its sights on stealing customers from the likes of Toyota Motor and Volkswagen in one of the most aggressive rounds of discounting seen in China’s bruising price war.The Shenzhen-based carmaker...

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23 Mar Indonesian logistics giant J&T turns first profit in China, making up bulk of its revenue, despite price war

Posted at 10:00h in Asia

Indonesian logistics company J&T Global Express reported its first annual profit in China despite an escalating industry price war in its first earnings report since going public in Hong Kong last October.The company recorded a gross profit of US$58.8 million and adjusted earnings before interest,...

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17 Mar Premium Chinese EV maker Xpeng eyes slice of mass-market segment with launch of cheaper models to take on bigger rival BYD

Posted at 05:00h in Asia

Chinese premium electric-vehicle (EV) maker Xpeng plans to launch a mass-market brand in a month to challenge market leader BYD amid an escalating price war.Models under this new brand will be fitted with autonomous driving systems and will be priced between 100,000 yuan (US$13,897) and...

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13 Mar China EV war: BYD prices a fifth car below 100,000 yuan threshold as it takes offensive in market-share battle

Posted at 05:30h in Asia

“BYD appears to be extremely aggressive in driving a transition from petrol cars to EVs in the country’s automotive industry,” said Eric Han, a ­senior manager at Suolei, an advisory firm in Shanghai. “The cheap models will also draw middle-income consumers who have become price...

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12 Mar China EVs: Xiaomi to deliver highly anticipated SU7 from month-end as it takes on Tesla, BYD amid raging price war

Posted at 06:03h in Asia

Chinese smartphone maker Xiaomi will start deliveries of its maiden electric vehicle (EV) on March 28 as it joins the fray against established players like BYD and Tesla amid an ongoing discount war in the highly competitive domestic market.The Beijing-based company said on Tuesday orders...

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11 Mar Electric cars: Xpeng aims to launch its first right-hand drive model in Hong Kong, Southeast Asia this year amid global push

Posted at 13:00h in Asia

Chinese electric vehicle (EV) maker Xpeng plans to launch its first right-hand drive model in the second half of this year as it accelerates its push to go global, targeting markets such as Hong Kong and Southeast Asia.He Xiaopeng, co-founder and CEO of the Guangzhou-based...

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