Etiqueta: Leapmotor

A ruthless discount blitz from BYD is shaking the foundations of China's auto industry and threatening mass consolidation

The BYD Dolphin Surf is a subcompact electric hatchback. It is called Dolphin Mini in other export markets, including Mexico.

Manufacturers are continuing to slash prices and offer premium features to lure in customers

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

Also in today’s newsletter, Singapore’s ‘scamdemic’, and Trump media group plans to raise $3bn to spend on crypto

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

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).

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.