CnEVPost Newsletter: BYD lowers prices, others follow
BYD rolls out new, less expensive variants for 2 NEV models to further undercut fuel cars
BYD makes its hybrid models less expensive than their petrol counterparts in a strong second offensive against them.
BYD says it will bolster R&D investment as engineers exceed 90,000
To date, BYD has more than 90,000 R&D engineers and has filed more than 48,000 patents worldwide, according to an announcement.
Wuling follows BYD by cutting hybrid sedan price by $830
BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process.
Neta cuts prices by as much as $3,060 as price war intensifies
Neta cut the prices of almost its entire model range, with the compact SUV Neta X seeing the highest reduction.
Xpeng president Wang Fengying has taken over overseas business, report says
Wang has restructured Xpeng's overseas business team, adding the Middle East as a key market and will invest more resources, according to local media.
Li Auto's spring 2024 launch event to begin at 3:00 pm Beijing Time on Mar 1
Li Auto will launch its first BEV model, the Li Mega, as well as the 2024 L-series EREVs at the event.
Lotus Tech files with Chinese securities regulator for US listing
Lotus Technology plans to merge with L Catterton Asia Acquisition Corp in order to list on the Nasdaq, issuing up to 181,315,064 ordinary shares.