With a historic round of price cuts this month, Tesla, Li Auto and a host of others have extended China’s monthslong electric-vehicle price war into a new quarter.
China EV Prices: The products came on the heels of BYD s introduction of a new version of its Dolphin hatchback and newer plug-in hybrid sedan Qin Plus DM-i last week, both also at lower starting prices.
Ev Battery: The price has declined 42% in the past two months, continuing a downtrend for much of this year, and is currently at less than a third of last November s peak. China s August EV production and sales totalled 843,000 and 846,000 units respectively, increasing by 22% and 27%, the slowest growth since January.