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China will strictly investigate and punish hoarding, price gouging and unfair competition in the upstream and downstream lithium battery industry to maintain market order, a government document said today. The post Chinese regulators vow to crack down on price gouging as lithium prices rise to staggering levels appeared first on CnEVPost.
The post XPeng most vulnerable to Tesla price cut among Chinese EV trio appeared first on CnEVPost. For more articles, please visit CnEVPost. By the close of trading, XPeng was down 6.82 percent in Hong Kong, Li Auto was down 6.55 percent and NIO was down 4.03
The post Polestar 3 SUV officially unveiled, but prices may drive away Chinese consumers appeared first on CnEVPost. For more articles, please visit CnEVPost. The Polestar 3 costs twice as much in China as the NIO ES7 and about the same as the Porsche Taycan.
Some producers in a Chinese lithium-producing hub are shutting down production as lithium prices have seen a rare streak of several months of declines this year. However, these disruptions did not stop lithium carbonate prices from falling, even though many expected so. percent and 4.88
Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. But how could this affect Tesla pricing?
Overseas lithium prices are already at a 20 percent premium to Chineseprices, which is expected to provide support for lithium prices as the export window opens, analysts said. The post Overseas premiums likely to provide support for lithium prices in China, analysts say appeared first on CnEVPost.
times the price of his vehicle. The post Chinese Polestar 2 owner faces higher cost than new car in replacing damaged battery pack appeared first on CnEVPost. For more articles, please visit CnEVPost. A Polestar 2 owner was told it would cost RMB 540,000 ($79,200) to replace a damaged battery pack, 1.6
Even more revealing is the fact that Cyberwhistle knock-offs have started popping up in Chinese online shops. While the real Cyberwhistle is out of stock in China, knock-offs are popping up at Chinese shopping sites for half or even 1/3 of the price. The Cyberwhistle in China appears to be the same one sold in the U.S.
While the effects of Tesla’s price cuts earlier this year have certainly been felt in western markets, the impact has been even more profound in China, where Tesla is locked in a head-to-head battle for EV sales dominance with BYD. What do you think of the article? Do you have any comments, questions, or concerns?
The post Chinese EV startup Niutron's first model launched with prices starting at $39,170 appeared first on CnEVPost. For more articles, please visit CnEVPost. The Niutron NV is available in all-electric and extended-range versions, with deliveries set to begin in December.
1 & 2 – updated to reflect mathematical accuracy BYD has apparently been unfazed by Tesla’s dramatic price cut at the beginning of the year, as it has reported an 11-fold profit increase in Q4 year over year. BYD auto sales were the most significant success of the Chinese conglomerate. What do you think of the article?
These charts show the sales performance of BEV models in different price ranges in June. The post Chinese BEV landscape explained in charts appeared first on CnEVPost. For more articles, please visit CnEVPost.
A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.
A Volkswagen joint venture in China has started offering official discounts as the price war in the Chinese auto industry continues. The Volkswagen Phideon, with an official guide price of RMB 343,000 to RMB 449,000, received an RMB 50,000 discount, while most other models received discounts of RMB 25,000 to RMB 30,000.
EV makers including Leapmotor , Neta and Denza have all introduced 90-day price protection policies. Image credit: Neta) As the auto price war in China continues, some electric vehicle (EV) makers are beginning to make it clear that they will not cut prices in an attempt to dispel the wait-and-see sentiment of potential consumers.
Image credit: Chery New Energy) Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. Chery New Energy announced today that official guide prices for three of its NEV models has been cut by up to 9,000 yuan ($1,310) starting at 00:00 on March 27.
Starting at 10 am on April 10, the EC7 will be available for consumer order lock-ins, NIO announced in an article posted on its mobile app today. Including the battery, the starting prices for these three versions are RMB 488,000, RMB 546,000 and RMB 578,000 respectively. For more articles, please visit CnEVPost.
NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. The price war has had a big impact on the auto industry, and NIO will not follow suit. percent year-on-year and 23.6 percent year-on-year and 23.6 percent from February.
Lithium prices are expected to stop falling in the near term, but will continue their downward trend over the next two years, analysts say. The epic decline in lithium carbonate prices is starting to see signs of stopping. In 2023-2025, total global lithium supply will grow to 1.2 million tons, 1.73 million tons and 2.32
Lithium carbonate prices fell more than 50 percent in the first quarter, allowing CATL to see record net profit growth of 557.97 Chinese power battery giant CATL saw strong net profit growth in the first quarter, as raw battery material prices fell. For more articles, please visit CnEVPost. percent in the quarter.
Polestar has officially unveiled the Polestar 3 in China today with what it calls a new pricing system. | Polestar.US Polestar gave the Polestar 3 SUV its global debut on October 12 , 2022, when it announced its two versions with starting prices in China of RMB 880,000 and RMB 1,030,000, respectively.
Polestar has launched the Polestar 3 electric SUV in China and has slashed its starting price by roughly $29,000. Now, likely to improve its competitiveness, Polestar has issued one of the most significant price cuts the Chinese market has seen this year.
Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies.
Neta raised the prices of all its models on January 4, but two days later Tesla sharply lowered the prices of the Model 3 and Model Y in China. The post Neta becomes latest Chinese EV maker to offer incentives for car purchases appeared first on CnEVPost. For more articles, please visit CnEVPost.
BYD has announced a significant price cut on its electric Seal sedan as the Chinese brand looks to decrease Tesla’s EV dominance in the region. However, as Tesla has rapidly lowered its prices for its top models, particularly in China, BYD has been forced to respond with its own price cuts.
The first mass-produced vehicle to roll off the line from BYD's Zhengzhou base is a Song Pro DM-i, which has a guide price range of RMB 140,800 ($20,480) - 165,800 yuan. For more articles, please visit CnEVPost. In the first quarter, BYD's NEV sales were 552,076 units, up 92.81
(Image credit: Wuling) SAIC-GM-Wuling, which has had success in the mini electric vehicle (EV) market, is offering another new model to Chinese consumers. Wuling yesterday officially launched the new EV model Binguo in China, offering five versions with starting prices of RMB 59,800 ($8,683) to RMB 83,800. percent and Tesla's 7.8
Tesla recently lowered the prices of its Model 3 sedan and Model Y crossover in several markets around the world, raising concerns about whether it will do the same in the Chinese mainland. Whether Tesla will continue to cut prices in the Chinese mainland will be something to watch in the coming days.
Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. Grid storage is designed on a variety of scales, each with a different price point. Link to original article: [link].
Demand for lithium—the hottest commodity on the planet and the only commodity to show positive price movement in 2015—is poised to continue on its upward trajectory, becoming the world’s new gasoline and earning the moniker of “White Petroleum”. Link to original article: [link]. by James Stafford of Oilprice.com.
Lithium resources are sufficient and the Chinese NEV market will not be materially affected by lithium prices in the coming months, according to CPCA secretary-general. The post China imports lithium carbonate in July at about 10 times price of same month last year appeared first on CnEVPost.
The post Lithium's downward trend set to be disrupted as Chinese mining hub suspends production appeared first on CnEVPost. For more articles, please visit CnEVPost.
Nissan has cut the price of its recently launched Nissan Ariya in China, following a similar move from Toyota earlier this month. Tesla’s price cuts at the beginning of this year have had a massive effect on competing automakers, and nowhere has that been seen better than in China. What do you think of the article?
The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto 's move helps to allay potential consumers' concerns to some extent. For consumers who purchase these models, if the prices drop within 90 days of their order, then Li Auto will refund the difference.
BMW and Volkswagen (VW) have announced massive price cuts in China, following the likes of 5 other automakers who are battling an initial price cut from Tesla late last year. Tesla’s massive price cut in China has caused an avalanche of similar price adjustments from competing manufacturers attempting to keep up.
Tibber enables users to track their energy usage and allows EVs to charge when electricity prices are lowest. | NIO US | NIO HK | NIO SG (Image credit: NIO) NIO's (NYSE: NIO) vehicles support charging just like any other electric vehicle (EV), in addition to having access to a fully charged battery via battery swap. the article said.
A survey conducted by Dan Ives has found a spike in interest in Tesla vehicles in China following the recent price cuts. The Tesla price cuts were not taken well in China, with hundreds of previous buyers storming Tesla showrooms , demanding the automaker make amends for the abrupt price change.
Li also said that Tesla 's price cut comes after it faced stiff competition in China, where it does not have pricing power. In addition to mentioning a timeline for the launch of the first NIO phone, Li said in an interview with National Business Daily that Tesla doesn't have pricing power in China. percent share. percent share.
It’s important to remember that prior to the crash, lithium had enjoyed a meteoric rise with prices doubling since the beginning of 2016 and nearly quadrupling over the past decade. Many Chinese brine producers in the Qinghai region had outlined plans to triple or quadruple capacities over the coming 3-4 years.
XPeng offers four versions of the P7i with a starting price of RMB 249,900, above the RMB 229,900 for the Tesla Model 3. The company's WeChat post announcing the P7i's launch clearly lists the sedan's available variants and their corresponding prices, as well as the benefits the company is offering consumers.
But now, Tesla has made price cuts more perminent in China, substantially slashing starting prices for popular models. This, in turn, has sparked outrage from customers who purchased their vehicles before the price cut was introduced. Tesla China nor Elon Musk has responded to the most recent backlash from Chinese buyers.
Lithium prices continue to fall in China today, with the average price of industrial-grade lithium carbonate falling below RMB 200,000 per ton for the first time in the current down cycle. Based on this situation this year, the price of lithium carbonate is expected to drop rapidly, Wang said.
The price of lithium, a raw material for batteries, has accelerated its decline, with industrial-grade lithium carbonate falling RMB 7,500 per ton to RMB 302,500 per ton today. For more articles, please visit CnEVPost. CATL management first acknowledged the move during the company's earnings call on March 9.
Battery prices have dropped dramatically over the years, and though there may be some fluctuations it appears that they will continue to do so at a rapid pace. According to Bloomberg New Energy Finance’s annual battery survey, annual battery pack prices fell 6% from 2020 to 2021. Prices in Europe are 60% higher.
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