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BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.

China , Shanghai , Zhao-zhen , Shaanxi , Uling , Hunan , Chinese , Warren-buffett-berkshire-hathaway , Cui-dongshu , China-passenger-car-association , Wan-zhuo , General-motor

China EVs: Xiaomi to deliver highly anticipated SU7 from month-end as it takes on Tesla, BYD amid raging price war

The Chinese smartphone maker, which has started taking orders for its maiden EV model, will start deliveries on March 28. The market estimates the car to be priced from 200,000 yuan (US$27,865) to 370,000 yuan.

Zhao-zhen , Shaanxi , China , Jiemian , Fujian , Xiaomi , Shanghai , Chinese , Cui-dongshu , China-passenger-car-association , Fitch-ratings , Wan-zhuo

Geely's Zeekr 001 takes on Tesla's Model 3 with 10% price cut as discounts deepen in China's EV market

Geely’s premium electric-vehicle unit Zeekr has cut prices by 10 per cent, joining the fray against mainland Chinese rivals after BYD fired the first salvo this month.

Sweden , Germany , Shenxing , Hebei , China , Zhao-zhen , Shaanxi , Shanghai , Chinese , Cui-dongshu , Li-shufu , Amperex-technology

Chinese EV builders Li Auto, Xpeng and Nio get 2024 off to a slow start

Mainland Chinese EV builders’ 2024 has got off to a bumpy start, after car deliveries dropped sharply amid mounting concerns about a slowing economy and job losses.

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Li Auto, Xpeng pace Chinese EV makers in race towards 2023 sales record amid 'all-time high' monthly deliveries

Deliveries hit a record 940,000 units in November, industry body CPCA estimates, as a strong second half of the year puts EV makers on course to meet an ambitious sales target for 2023 despite a bumpy start.

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China's premium EV segment set for 'cutthroat competition' as tech bigwigs join fray

The intelligent features in demand also include facial recognition, over-the-air software upgrades, phone-linked features and self parking. “Intelligent…

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Chinese EV makers on course to smashing 8.5 million 2023 sales target for mainland, industry players and observers say

China’s EV market is expected to maintain strong growth momentum in the fourth quarter of 2023, thanks to new launches and discounts offered by carmakers, industry players and observers said.

South-korea , China , Gao-shen , Zhejiang , Shanghai , Zhao-zhen , Shaanxi , Beijing , Chinese , Han , Paul-gong , Elon-musk

China's EV makers pare prices further pursuing lofty sales goals

“Some electric car makers are resorting to the low price strategy to bolster sales because a discount makes their products attractive to budget-conscious…

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Chinese EV maker Nio forecasts sales boom in third quarter as demand for smart battery-powered cars recovers

Chinese EV start-up Nio predicts its deliveries will soar by as much as 80 per cent as it reported a net loss for the second quarter that had widened by 27.8 per cent on the year to 6.1 billion yuan (US$836 million).

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Tesla cuts Model Y prices for the first time in 7 months as Chinese rivals Li Auto, Xpeng and Nio post rapid sales growth

Tesla has cut prices of the Long Range and Performance versions of the Model Y SUV by 4 per cent each. The move follows cuts by Chinese EV makers who have slashed prices of some models by up to 10 per cent.

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