Automundo China

China's EV Market 2025: XPeng and Xiaomi Outpace Tesla Rivals in Growth and Investor Confidence

Hong Kong-listed shares of BYD fell more than 6% after the Tesla rival reported a quarterly profit drop amid a price war in its domestic industry.

Tesla cut the price of its new long-range Model 3 in China to 259,500 yuan, aiming to defend market share amid slowing EV demand and rising domestic rivalry.

BYD’s profit fell nearly 30% in Q2, its first decline in three years.

The soon-to-be-released Tesla Model Y L is generating a lot of interest at Chinese dealerships, attracting large crowds.

China's EV Market Dynamics: XPeng, Xiaomi, and Tesla's Competitive Position in a Fragmented Landscape

HONG KONG (Reuters) -The Hong Kong-listed shares of BYD were set to slide 8% on Monday after the Chinese electric vehicle maker reported quarterly profit fell for the first time in more than three years amid a cutthroat price war across the industry. The stock was set to open at HK$105.20. (Reporting By Donny Kwok and Anne Marie Roantree; Editing by Kim Coghill)

Tesla's Strategic Pricing Move in China and Its Implications for EV Market Leadership

Tesla Inc lowered the price for its Model 3 rear-wheel drive version in China by 3.7% to 259,500 yuan ($36,278.99), its website showed on Monday. The U.S. automaker launched the new Model 3 variant, its longest-range Tesla model, in China last month. ($1 = 7.1529 Chinese yuan renminbi)

Tesla has reduced the price of its 830-km Model 3 in China by RMB 10,000 yuan ($1,400), less than one month after its August 12 launch.