Etiqueta: Leapmotor
Chinese automakers get stern ‘price war’ warning after discount spree
A top industry group had a stern rebuke Saturday for automakers fuelling a "price war", a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit.Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two "entry-level" models through June 8.
BYD’s Aggressive EV Price Cuts Spark Market Shake-Up and Stock Declines
China’s electric vehicle (EV) giant BYD Co. has ignited a fresh wave of competition in the world’s largest auto market by slashing prices by up to 34% on 22 electric and plug-in hybrid models.
BYD Just Broke the EV Market — $7,700 Cars Set Off...
A ruthless discount blitz from BYD is shaking the foundations of China's auto industry and threatening mass consolidation
I Just Drove China’s Best-Selling Car, Which Has Been Totally Transformed...
The BYD Dolphin Surf is a subcompact electric hatchback. It is called Dolphin Mini in other export markets, including Mexico.
Chinese car makers’ shares plummet as price war heats up
Manufacturers are continuing to slash prices and offer premium features to lure in customers
Exclusive-China regulator summons automakers to discuss ‘zero-mileage’ used car sales
SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. It comes after Great
Tesla Rival BYD Tumbles After Launching China EV Price War. Several...
Tesla rival BYD has unveiled major discounts, with some rivals firing back in a new China EV price war. BYD stock plunged in Hong Kong trading.
FirstFT: Chinese EV shares tumble as BYD sparks new price war...
Also in today’s newsletter, Singapore’s ‘scamdemic’, and Trump media group plans to raise $3bn to spend on crypto
BYD kicks off EV rebate wave in China
The Chinese market leader BYD is offering considerable discounts on models from the Dynasty and Ocean series in its home market as part of a promotion until
China auto shares sink after BYD offers trade-in incentives
SHANGHAI (Reuters) -Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world's largest auto industry was in an unhealthy state. The Hong Kong-listed shares of BYD Co Ltd closed 8.6% lower, while Geely Auto fell 9.5%. Chinese electric vehicle giant BYD over the weekend announced a fresh round of subsidies and incentives for more than 20 models, which reduced the starting price of its cheapest model, the pure battery-powered Seagull hatchback, to 55,800 yuan ($7,765).
