Etiqueta: li auto

BYD offers discounts of 10 to 30 per cent on 22 of its battery-powered and plug-in hybrid models.

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

Citi estimates that BYD's price reduction may have seen a 30% to 40% spike in footfall at its dealership store on May 24 and 25, from the previous weekend.

It follows a plunge of more than 9% on Monday, which was a reversal from its record high last week.

BYD shares dropped 8.5% after announcing price cuts up to 35%.

(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%,

The N8L looks like a slightly scaled-down version of Denza's N9 flagship SUV launched in March.

Denza saw the 10,000th N9 roll off the production line today, two months after the large luxury SUV was launched.