More than 40 auto brands have followed Tesla in cutting prices on EVs since January in a price war that has supported sales of EVs and plug-in hybrid electric vehicles , both of which are classed as “new energy vehicles” in China. It has also cut into industry-wide profitability, analysts say.For years, China’s entry-level market for passenger cars was dominated by combustion-engine cars made by global automakers in partnership with Chinese brands.
Because of the cost pressure on EVs from battery materials, the entry-level market is likely to be “the final bastion” for gasoline-only vehicles in China, Xu Haidong, deputy chief engineer at the China Association of Automobile Manufacturers said. Plug-ins represent more than half of BYD sales this year, giving the company scale to compete on price across its line-up, analysts say.Tesla saw a 27% increase in Chinese sales in the first quarter to just over 137,000 of its Model 3 sedans and Model Y crossovers. Tesla also increased share after cutting prices in China by between 6% and almost 14% in January.
Les eaux internationales et la pêche mériteraient un peu d'attention. Quand le thon ded marchés Québecois provient de Tahïlande, du Vietnam, la morue de Chine et ailleurs : manque un peu de transparence dans un pays 'd'un Océan à l'Autre comme devise!'
But they ignite and burn 🔥😳
Welp. That's ok, you tried. Good game. Congrats, China!
China is US & West’s enemy. China moving towards world domination economically & militarily. Western countries must institute severe tariffs & move towards minimal trade with China before they complete their rapid naval warship expansion & advanced weapons production.
Search on youtube for BYD cars exploding before you buy one.🤣🤣🤣
The next sanction target of the US is now BYD.