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Li Auto takes on Tesla s Model Y by pricing new L6 SUV deliberately lower as cutthroat discounts persist in China

Li Auto takes on Tesla s Model Y by pricing new L6 SUV deliberately lower as cutthroat discounts persist in China
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Eric hanShanghai gigafactoryShanghai headquartered nioGuangzhou based xpeng

Chinese EV maker Xpeng unveils capex blitz as it sees no let-up in market bloodbath

Chinese electric vehicle (EV) maker Xpeng will spend a record 3.5 billion yuan (US$486 million) in 2024 and hire 4,000 new workers, as it unveils plans to churn out 30 new models over the next three years.

Cao huaFitch ratingsChina business newsUnity assetShanghai headquartered nioBeijing based li autoNavigation guided pilotFull self drivingHe xiaopengResearch and developmentNew modelsAutonomous drivingLi autoUtthroat market

Chinese EV builder Xpeng predicts record fourth-quarter deliveries as its discounted new models prove popular with motorists

The carmaker, which saw losses expand to US$537 million in the quarter ended September 30, said it would hand between 59,500 and 63,500 vehicles to customers between October and December, marking an all-time high.

Yiyou auto serviceTian maoweiBeijing based li autoShanghai headquartered nioShanghai made modelNavigation guided pilotFull self driving

China EVs: Tesla launches revamped Model 3 with longer driving range, bigger sticker price as competition bites

The new basic edition of the Model 3 is priced at 259,900 yuan (US$35,783) and can go as far as 606km on a single charge. Tesla’s sales fell 58 per cent month on month in July.

Elon muskEric hanChina passenger car associationShanghai based teslaShanghai gigafactoryChina passenger carShanghai headquartered nioGrace tao

Tesla cuts Model Y prices for the first time in 7 months as Chinese rivals Li Auto, Xpeng and Nio post rapid sales growth

Tesla has cut prices of the Long Range and Performance versions of the Model Y SUV by 4 per cent each. The move follows cuts by Chinese EV makers who have slashed prices of some models by up to 10 per cent.

Zhao zhenElon muskBeijing based li autoShanghai headquartered nioGrace taoWan zhuoCitic securitiesOdel yRice cutsRemium ev segmentLi autoPrice warMarket share