Chery is offering discounts on a number of models, with a combined discount of up to 47 percent after subsidies.
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Category: Price Cut
Geely Galaxy has started offering limited-time discounts ranging from 8 percent to 18 percent on seven models.
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IM Motors and Leapmotor have started to offer new discounts on some of their models.
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BYD shares were down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.
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Analysts believe BYD's price discounts could lead to further price competition in China and spark more rivals to follow suit.
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BYD is offering discounts on three models, in a move that appears to be aimed at clearing inventory of older models after launching Smart Driving Edition updates.
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Lynk & Co is offering limited-time discounts of up to RMB 17,000 on two hybrid models.
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Arcfox has drastically reduced the official guide prices of 2 models and offered a limited time discount for another.
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The discount, available this month, reduces the starting price of the IM L6 by 13.64 percent to RMB 189,900.
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China's auto market saw 227 models with price cuts in 2024, more than 148 in 2023 and significantly higher than 95 in 2022, according to CPCA secretary-general.
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