Automundo China

For three years, China's automotive market has been embroiled in a price-cutting war, evolving from a tussle between new energy vehicles and traditional cars to a contest for smart driving capabilities. Automakers are vying for market share with rapid tech upgrades and aggressive pricing for new models, while the used car market faces increasing turmoil.

Denza began pre-sales of the N9 on February 21, with a pre-sales price range of RMB 450,000 ($62,000) to RMB 550,000.

Exclusively available for the Chinese market.

Disappointing shipments in China have been blamed on a narrow and dated lineup, particularly in the face of up-to-date and more exciting offerings from BYD and others.

Kenges Rakishev, a key figure in Kazakhstan’s financial scene, is transitioning from oil and mining to focus on

Tesla’s (TSLA) hold on China has been sliding for the past five consecutive months, with shipments plunging 49% in February from a year earlier, Bloomberg reports. ...

The association argues that reinstating the 35 percent tariff would protect embattled domestic manufacturers from more affordable Chinese-made autos.

The popularity of the Musk brand in China might not be enough to save the billionaire from the global backlash engulfing his company.