The disorderly price war has intensified vicious competition and will further squeeze corporate profit margins, CAAM warned.
For details, please visit CnEVPost.
Category: price war
Chery is offering discounts on a number of models, with a combined discount of up to 47 percent after subsidies.
For details, please visit CnEVPost.
Geely Galaxy has started offering limited-time discounts ranging from 8 percent to 18 percent on seven models.
For details, please visit CnEVPost.
IM Motors and Leapmotor have started to offer new discounts on some of their models.
For details, please visit CnEVPost.
BYD shares were down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time.
For details, please visit CnEVPost.
Analysts believe BYD's price discounts could lead to further price competition in China and spark more rivals to follow suit.
For details, please visit CnEVPost.
Lynk & Co is offering limited-time discounts of up to RMB 17,000 on two hybrid models.
For details, please visit CnEVPost.
Arcfox has drastically reduced the official guide prices of 2 models and offered a limited time discount for another.
For details, please visit CnEVPost.
Onvo continues to offer a zero down payment, three-year interest-free financing program and additionally began offering option discounts.
For details, please visit CnEVPost.
The discount, available this month, reduces the starting price of the IM L6 by 13.64 percent to RMB 189,900.
For details, please visit CnEVPost.