China's EV price war is just getting started
With a historic round of price cuts this month, Tesla, Li Auto and a host of others have extended China’s monthslong electric-vehicle price war into a new quarter.
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With a historic round of price cuts this month, Tesla, Li Auto and a host of others have extended China’s monthslong electric-vehicle price war into a new quarter.
Li Xiang, founder of Chinese electric vehicle maker Li Auto, has seen his $10 billion wealth shrink almost in half in a little more than a month.
Cars News: Despite an estimated market demand of 2.1 million units for new energy vehicles (NEVs), including EVs and plug-in hybrids, BYD, Aito, and Li Auto, the
Hesai, which released new products based on its ATX technology on Friday, is seriously considering building plants outside mainland China to capitalise on the growing use of the technology, CEO Li says.
Li Auto (NASDAQ:LI) has had a rough month with its share price down 13%. However, a closer look at its sound financials...