For comparison, 150 models experienced price reduction in 2023 and 95 models in 2022.
The post 195 Chinese vehicle models experienced price reduction, Jan – Sept 2024 appeared first on CarNewsChina.com.
Category: price war
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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CAAM has called on Chinese authorities to introduce financial relief for the dealership sector, saying that price wars have led to a cumulative loss of RMB 138 billion yuan ($19.6 billion) in new car retail sales in the January-August period.
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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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Nio will reduce discounts by RMB 3,000 for the ET5 and ET5 Touring and RMB 5,000 for the ES6 and EC6 on July 22, according to local media.
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Nio will reduce discounts by RMB 3,000 for the ET5 and ET5 Touring and RMB 5,000 for the ES6 and EC6 on July 22, according to local media.
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BMW was the first to withdraw from the price war in China's car market, scaling back incentives, with Mercedes-Benz and Audi following suit.
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BMW was the first to withdraw from the price war in China's car market, scaling back incentives, with Mercedes-Benz and Audi following suit.
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BYD's blended price rose 1 percent month-on-month in June, while those of Nio, Xpeng, and Li Auto remained stable.
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The updated Tang EV price has been reduced by RMB 30,000, and the Tang DM-p price by RMB 40,000.
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