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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. ....
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. ....
Chinese EV Maker Nio: EV demand in Nio s home market China - the world s largest auto market - has been faltering as intense market competition has driven down car prices and consumers tightened spending in a sluggish economy. ....