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China EV price war: Tesla rival Li Auto says cheapest model yet to 'bring you happiness', will launch next week

Li Auto, Tesla’s nearest rival in mainland China, plans to start selling a new, more economical model aimed at families amid a price war in the country’s electric vehicle market. ....

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BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China. ....

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