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Chinese EV makers extend buying incentives
Chinese EV makers extend buying incentives as price war enters third year
Chinese electric vehicle makers including Nio and Li Auto have followed market leaders Tesla and BYD in extending buying incentives to the start of 2025, as a price war in the world's largest auto market continues for a third year.
Chinese EV makers BYD, Nio, Li and XPeng end 2024 on a sales high
Chinese electric-vehicle makers enjoyed strong sales in December 2024 as the country’s EV price war continued.
Chinese EV makers extend incentives amid price war
Li Auto has introduced cash subsidies of 15,000 yuan ($2,055) per car purchase, along with a three-year zero-interest financing scheme.
Chinese EV makers report record deliveries after lower pricing and subsidies boost demand
XPeng (NYSE:XPEV), and NIO (NYSE:NIO) all reported record deliveries tallies for December, while Leapmotor, ZEEKR Intelligent (ZK), and Xiaomi (OTCPK:XIACF) also recorded new monthly highs during the month at a lower scale.
Chinese EVs Will Keep Huge Price Advantage In 2025 Thanks To Incentives
Chinese automakers are heading into 2025 with big incentives for electric vehicles, finally adopting a tactic that has been tried the world over for years. The news comes from a new report from Reuters.
1d
BYD: The King Of EV, Albeit With Mixed Near-Term Signals (Rating Upgrade)
BYD (BYDDF) faces near-term uncertainties from the potential subsidy cuts and sluggish macroeconomic growth. Read why I ...
4d
Sales Surge In 2024 For Chinese EV Giant BYD
Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its ...
1d
on MSN
Chinese automakers build their way around tariffs
Facing steep European tariffs, Chinese carmakers are establishing new production hubs to maintain their foothold in global ...
4d
It’s time to embrace Chinese EV capability
Should the auto industry in the West embrace Chinese capability before it’s too late? Guest comment from Vendigital's Beibei ...
Hosted on MSN
1h
South Africa Courts EV Makers, China Proposes EV Tech Controls
South Africa's introduction of a tax incentive aimed at attracting electric vehicle (EV) and hydrogen-powered vehicle ...
3d
on MSN
China’s Luxury EV Market Is Slowing Down And It’s Not Looking Good
For most of the past year, it’s seemed like every other week, a major Chinese car manufacturer has revealed a new and ...
Wall Street Journal on MSN
4d
BYD, Chinese EV Peers Post Record Sales for December
BYD sold a record number of electric and hybrid vehicles in December, leading a host of
Chinese
peers benefiting from a ...
Hosted on MSN
15h
Nio Firefly revealed as budget-friendly EV
Chinese electric car brand Nio has revealed its first foray into the budget EV space with its new Firefly sub-brand. Designed ...
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