"NIO, XPEV, LI, BYD.. China's Quads Message Board

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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.06

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3:39 PM EST

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To: longz who wrote (2372)	3/5/2024 9:27:07 AM
From: roto	of 2786

China EV price war: BYD and Xpeng up the ante as they offer heavy discounts to arrest sales slump archive.ph The price war in China’s EV sector is likely to intensify further as carmakers undercut each other amid faltering sales, market observers say BYD’s sales slumped nearly 40 per cent month on month in February, while Xpeng’s decline widened to almost 45 per cent XPeng has extended a 20,00-yuan discount on its bestselling G6 SUV to stem a decline in sales. Photo: Bloomberg Daniel Renin Shanghai The discount war in China’s electric vehicle (EV) space is picking up pace, with leading players BYD and Xpeng slashing the prices of their bestselling models to cushion falling sales. More carmakers are expected to join the fray as they go all out to maintain market share, according to industry officials and analysts.

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