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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Category: Price Cut
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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The Sealion 05 DM-i has a discounted starting price of RMB 99,800 ($13,670) as BYD looks to capitalize on the peak sales season ahead of the upcoming Chinese New Year holiday.
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BMW sub-brand Mini is offering limited-time discounts of up to 29 percent on two EV models in China, just months after launching them.
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In the January-September period, China saw 195 models with price cuts, surpassing the 150 models in the whole of 2023, and significantly higher than the 95 models in 2022.
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The Bao 5 was launched on November 9, 2023, and monthly deliveries have been below 3,000 units for the past three months.
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Most of the price cuts for Li Auto's L-series models are RMB 20,000, and the Li Mega saw the biggest drop at RMB 30,000.
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