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A Tesla executive says the price cut is due to the company's good cost control and a government call, but apparently, the more important reason is weak demand. The post Tesla's cost-based pricing is reason behind price cut in China, exec says appeared first on CnEVPost. For more articles, please visit CnEVPost.
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.
This is BYD's first price cut this year, meaning that keeping market share stable in 2023 may be more important than maintaining profit margins. The post BYD cuts prices on some models, delivery wait times shortened appeared first on CnEVPost. For more articles, please visit CnEVPost.
It is worth noting that NIO has not yet officially announced the pricing of the ET7 in Europe, and it is unclear whether the prices currently shown are the final version. The post NIO ET7 configurator goes live in Norway, priced lower than in China appeared first on CnEVPost. For more articles, please visit CnEVPost.
By: Sameer Fayaz Contractor | Updated on: 21 Mar 2025, 17:37 PM Mahindra attributed the higher prices to rising input cost and increased commodity prices, among other reasons.
However, despite the fact that the first units will be handed over to customers in roughly 48 hours from the time this article was published, Tesla has yet to release any concrete information on what the Cybertruck will cost. Inflation would increase the prices of the trims considerably, and we examined this in an article earlier this month.
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 Lithium carbonate prices to fall sharply as demand far below expectations, Li Auto CEO says appeared first on CnEVPost. For more articles, please visit CnEVPost.
The post XPeng cuts vehicle prices as production capacity rises, report says appeared first on CnEVPost. For more articles, please visit CnEVPost. As XPeng's production capacity has increased significantly, orders have not grown as quickly in tandem, putting pressure on sales for the company, according to local media.
The post NIO ET5 pre-order details: Price, first delivery date and benefits appeared first on CnEVPost. For more articles, please visit CnEVPost. NIO will allow consumers to lock in their orders for the ET5 starting September 9, with first deliveries taking place on September 30.
Morgan Stanley sees the price of lithium carbonate in China falling to $47,500 per ton in the second half of 2023, implying a 35 percent drop from the current spot. The post Morgan Stanley expects lithium prices to see inflection point in 2023 appeared first on CnEVPost. For more articles, please visit CnEVPost.
An article last week in the New York Times drew new attention to the ongoing debate about the impacts of electricity deregulation, … Continue Reading (More) Breaking News! California Electricity Prices are Still High! Is it deregulation or is it just California?
The price range of NIO's third brand is mainly in the range of RMB 100,000 ($14,820) - 200,000 yuan, according to local media. The post BREAKING: NIO plans to launch third brand, price could be as low as $14,820, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.
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?
Tesla has cut the prices of its entire Model 3 and Model Y lineup by as much as 48,000 yuan in China to boost demand in the world's largest EV market. The post BREAKING: Tesla sharply cuts prices of entire Model 3 and Model Y lineup in China appeared first on CnEVPost. For more articles, please visit CnEVPost.
Tesla's main selling model in China, the Model Y, is expected to see a price cut of up to RMB 40,000 ($5,616), bringing the starting price of the rear-wheel drive version of the Model Y down to possibly RMB 270,000 to 290,000, according to local media. For more articles, please visit CnEVPost.
With battery costs rising sharply but vehicle prices rising at a limited rate, Niu needs to find ways to reduce costs, its CEO said. The post Niu Technologies to launch e-bikes with sodium-ion batteries in 2023 as lithium battery prices rise appeared first on CnEVPost. For more articles, please visit CnEVPost.
BYD has announced the pre-sale prices for the Atto 3, Han, and Tang in Europe, where they will be delivered starting this year in Norway, Sweden, Denmark, the Netherlands, Belgium, Luxembourg, and Germany. The post BYD presents 3 BEV models for European market, reveals pre-sale prices appeared first on CnEVPost.
The post NIO takes stake in Australian lithium firm Greenwing, sending latter's share price soaring over 60% appeared first on CnEVPost. For more articles, please visit CnEVPost. NIO, through its wholly owned subsidiary Blue Northstar Limited, has agreed to pay A$12 million to Greenwing in a strategic financing deal.
For an EV with a 70-kWh pack, the cost of the battery is now RMB 12,300 - RMB 14,500 lower than when lithium carbonate prices were at their previous high, analysts say. Falling lithium carbonate prices are known to benefit the profitability of electric vehicle (EV) makers. So how will this price change affect the cost of EVs?
Tesla delivered more than 10,000 vehicles in China on the day of the price cut, with Ningbo, Zhejiang province seeing more than 200 Tesla vehicles delivered each day over the weekend just past, media report said. The post Tesla delivers over 10,000 vehicles in China on day of price cut, report says appeared first on CnEVPost.
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.
The post Xiaomi-backed startup unveils electric sports car priced under $42,000 appeared first on CnEVPost. For more articles, please visit CnEVPost. The electric sports car, called SC01, will be available for official orders starting in the third quarter of 2023, with deliveries beginning in the fourth quarter of next year.
A recent article at USA Today tells the woeful tale of gas prices rising, again. But in instead of doing the typical “I told you so!” ” thing that many EV drivers lacking social skills do, I want to be a little more productive. Let’s look at how bad it is, and what’s behind the rising […]
Traffic and orders at Tesla stores in China's second- and third-tier cities have increased sharply after the price cut, with orders at stores in some cities up 500 percent from December, according to local media. The post Tesla gets 30,000 orders in 3 days after price cut in China, report says appeared first on CnEVPost.
Tesla's Model S and Model X are both expected to be priced at more than RMB 1 million in China and are expected to make a limited contribution to deliveries. The post Tesla to reveal Model S and X prices in China on Jan 6, deliveries to begin in H1 2023 appeared first on CnEVPost. For more articles, please visit CnEVPost.
Jidu ROBO-01 Lunar Edition offers powerful performance at an attractive price point, laying the groundwork for gaining the first and most loyal owners. The post Jidu launches limited edition of its robocar: Priced at $55,253, limited to 2,000 units appeared first on CnEVPost. For more articles, please visit CnEVPost.
The post NIO president explains how EV maker disrupts German automaker's pricing and how it sees current losses appeared first on CnEVPost. For more articles, please visit CnEVPost.
The vehicle is available in three versions with starting prices of RMB 78,800 ($11,460), 83,800 and 95,800 respectively. It is worth noting that these are not the final prices of the model, and BYD's previous practice was to have final prices slightly lower than the pre-sale prices. kWh and 38.88 kWh respectively.
The automaker wants its dealers to match Tesla’s lower selling prices, according to a report from Reuters. The article also noted that state franchise laws could give dealers the leverage needed to resist Ford’s efforts to set fixed prices or fees for delivering EVs. The dealer model used to be the only one in town.
China's auto industry is facing cyclical swings in the transition to electrification that can't be weathered by price wars and require automakers to stick to brand values, an NIO executive said. Not only is NIO not dropping prices for 90 days, but prices won't change for a longer period of time, he said.
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.
Many automakers in China launched rare price wars in March to try to boost sales. China's switch to the 6b emissions standard was not the main reason for the wave of price cuts, the CADA said, adding that most dealers said their inventories of 6a-based vehicles are not high and could be cleared by the end of June. down from 73.3
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
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.
The post Tesla announces prices for new Model S and X in China, deliveries will both begin in Q2 appeared first on CnEVPost. For more articles, please visit CnEVPost. The Model S starts at RMB 789,900 ($115,000) in China and the Model X at RMB 879,900.
The Neta GT sports car was officially launched on the first day of the Shanghai auto show on April 18, with starting prices of RMB 178,800 ($26,000) to 227,800. The Neta S currently has a starting price range of RMB 242,800 to RMB 341,800. 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.
NIO 's management previously said they expect lithium carbonate prices to fall back to RMB 200,000 per ton this year, boosting gross margins. The price of lithium, a key raw material for batteries, is accelerating its decline. That latest average price is down 3.85 percent, the previous biggest drop of the year.
The Polestar 4 went on sale in China on the first day of the Shanghai auto show with a starting price range of RMB 349,800 to 533,800, significantly higher than the Tesla Model Y. Polestar launched the Polestar 4 yesterday on the first day of the Shanghai auto show, with a starting price range of RMB 349,800 ($50,870) to 533,800.
CATL 's lithium sharing program is not for price reduction purposes, but rather the company already owns some mineral resources and doesn't want to reap windfall profits, its management said. Battery makers also recognize that they must share the price volatility of battery materials with car companies, Li said at the time.
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. 4 X and ID.6
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
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