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China’s BYD and Geely bank on big discounts, Xpeng launches ‘super AI’ SUV: 7 EV reads
From BYD and Geely cutting prices to lure customers to Xpeng rolling out a ‘super AI’ SUV, here are seven EV stories you may have missed
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1. BYD, Geely bank on big discounts to set record car sales, dent smaller rivals
China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals.
2. China’s EV price war dashes profit hopes of 90% of brands, AlixPartners says
Less than 10 per cent of EV brands in China will turn a profit in the next five years, as the industry grapples with a price war and chronic overcapacity, according to AlixPartners.
3. Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000
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