Etiqueta: Leapmotor

Shares in Chinese electric vehicle (EV) makers slumped on Monday despite surging interest from UK buyers, as industry titan BY introduced a round of new price cuts in an already bruising market battle. Hong-Kong listed BYD dropped as much as 8.25 per cent from a record high set last week, after an announcement over the [...]

Carmaker BYD last week offered discounts for many of its models, triggering industry concerns about another price war.

Industry leader BYD announces fresh round of price cuts for its models

(Bloomberg) -- BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 35% late last week.Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyUAE’s AI University Aims to Become Stanford of the GulfNYC’s War on Trash Gets a Glam SquadPacific Coast Highway to Reopen Near Malibu After January FiresShares of China’s No. 1 selling car brand tumbled as much as 8.3%,

BYD shares were down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.

After poaching some of the best Western auto talent, China’s car industry is about to dominate globally with charging rates, ranges, luxury design, technology, and sheer volumes.

The Chinese automaker reshaping global car markets with record-breaking growth has joined the urban EV trend with the Dolphin Surf — its smallest and most affordable model yet in the Israeli showroom; first drive of a potential bestseller in the making

BYD introduced its tenth model, the low-cost electric 'Dolphin Surf,' in Europe, starting at 22,990 euros, with temporary discounts available. This move intensifies pressure on European automakers to provide more affordable electric vehicles, addressing a key obstacle to broader EV adoption. Several new models under 25,000 euros are slated for release this year, targeting the compact segment's significant electrification potential.

Chinese electric vehicle maker BYD's low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives. Until the end of June, the three versions will be available at a discounted price of 19,990-24,990 euros, sales chief Patrick Schulz said on Wednesday. The car piles pressure on European automakers to offer more affordable electric alternatives, with cost still a major barrier to wider adoption of EVs.

Building affordable yet good small electric cars is currently considered a supreme discipline in the automotive industry. While there is more room to