US EditionChina’s EV Price War Is Heating up. What’s Behind the Big Discounts?
- Chinese automaker BYD launched major electric vehicle price cuts in early 2025 in China, with discounts lasting through June and cutting some models by up to $7,400.
- The price reductions follow intense competition partly fueled by Tesla’s $32,000 Model 3, amid slowing domestic demand and state subsidies aimed at boosting electric vehicle sales.
- Other Chinese firms like Geely have followed BYD’s lead with price cuts, triggering fears of a price war that pressures smaller automakers and may provoke similar competition in international markets.
- Industry analysts warn this price bloodbath could force weaker players out and disrupt global markets, as BYD’s sales rose 38% globally while Tesla’s deliveries fell 13% year-on-year.
- The ongoing price war suggests continued deflationary pressure in China’s EV sector and raises concerns about broader economic impacts and shifts in global auto competition.
30 Articles
30 Articles
Fierce Price War Batters China’s Auto Stocks as Industry Leader Warns of ‘Evergrande-Like’ Crisis
A fresh wave of steep price cuts by BYD sent shockwaves through China’s auto sector, raising fears of escalating price wars and causing the automaker’s stocks to tumble. At the same time, an industry leader’s warning about the emergence of an “Evergrande” within China’s auto industry—referencing the once-dominant, now debt-ridden property developer that is facing court-ordered liquidation—quickly went viral on Chinese social media, amplifying co…
Li Auto Second-Quarter Sales Set to Disappoint Amid EV Price War
Li Auto Inc. forecast second-quarter revenue that fell short of what investors are expecting, as the Chinese electric vehicle maker struggles amid intensifying competition in the world’s biggest automobile market.
How China’s EV Boom Powers Its Tech Rise
At NIO’s design workshop in suburban Shanghai, engineers spread billets of clay onto an aluminum frame of a basic car. A robotic arm with a mechanized drill bit then carves a series of grooves into the clay corresponding to a designer’s sketch. The rough surface is then painstakingly smoothed with palette knives before aluminum foil is pasted on top. Finally, the sleek-looking metallic model is rolled into a sunlit courtyard where every curve an…
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