Nio said it maintains the pricing of its current models in European markets at this stage. Xpeng said it is actively assessing the feasibility of establishing local manufacturing capabilities in Europe.
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The EU's provisional tariffs will apply from July 5 for a maximum period of four months. Within this timeframe, a final decision on the definitive tariffs must be made through a vote by EU member states.
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The Nio ET9's center screen uses a horizontal display similar to Tesla's models and has another long, thin screen behind it.
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A Tesla model's entry into a local government purchasing catalog in China is rare, considering that government parks have previously banned Tesla vehicles due to security concerns.
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Today's changes reduce wait times for the Model 3 and Model Y in China to an all-time low. Silver paint is no longer exclusive to the Model Y.
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Li Auto has launched a limited time 0 down payment car purchase program with a gift package of up to RMB 7,196, while the previous RMB 10,000 worth of benefits continue to be available.
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Xpeng said the Mona M03 will be priced under RMB 200,000 yuan ($27,500) and will have the strongest smart driving capabilities in its class.
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BYD's BEV market share is set to surge in 2024, the year it is expected to overtake Tesla in BEV sales. This shift underscores the dynamic nature of the global EV market, said Counterpoint.
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Nio president previously mentioned that its 150-kWh semi-solid-state battery pack costs about the same as an ET5, which starts at RMB 298,000.
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Li Auto said its vehicle fleet has reached over 1,000 units in Kazakhstan, and the local after-sales service is in high demand.
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