Car News - Page 27 of 256 - Auto in China

Tesla Slashes Prices for Model S and Model X in the Chinese Market
2023-09-01 Car News
Tesla (NASDAQ: TSLA) has recently made significant price adjustments to its high-end Model S and Model X vehicles in the Chinese market. These changes come after the company initially introduced substantial discounts. The new pricing strategy affects both the Tesla Model S and Model X, which are available in China…
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Leapmotor’s T03 Budget Electric Vehicle Model: Up to $1,380 in Purchase Subsidies
2023-09-01 Car News
Leapmotor's T03, a Battery Electric Vehicle (BEV), now boasts an enticing starting price of just RMB 49,900, thanks to the company's latest subsidy initiative. In September, Leapmotor joined the ranks of Chinese electric vehicle (EV) manufacturers offering subsidies to their customers. Today, Leapmotor has unveiled that buyers of the T03…
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August 1-27 China NEV Retail Sales Reach 538,000, Showing 2% Increase from Previous Month
2023-08-31 Car News
In the initial four weeks of August, the adoption of New Energy Vehicles (NEVs) in China's retail market reached a notable 39.67 percent. This figure contrasts with the year-to-date penetration of 33.70 percent. Between August 1 and August 27, China observed a robust performance in the retail segment of passenger…
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Avatr, Changan’s Electric Vehicle Subsidiary, Secures $410 Million in Fresh Funding
2023-08-31 Car News
Avatr Technology, the premium electric vehicle (EV) subsidiary under Changan Automobile, has successfully concluded a significant Series B funding round, injecting fresh capital into its future expansion plans. The company's latest funding round, amounting to RMB 3 billion ($410 million), has propelled its post-investment valuation to an impressive nearly RMB…
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Deutsche Bank’s Analysis of Xpeng-Didi Partnership: Leverage of Ride-Hailing Titan’s Extensive Driver Network for Sales Enhancement
2023-08-30 Car News
Deutsche Bank has highlighted a crucial aspect of Xpeng's recent move in its acquisition of Didi Global's electric vehicle (EV) business, underscoring the potential for increased sales through Didi's extensive network of 19 million drivers in China. The analysts noted that this partnership would likely enable Xpeng to expand its…
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Insights from Recent Survey Shed Light on Xpeng G6’s Customer Demographics
2023-08-30 Car News
Approximately 29% of Xpeng G6 owners conducted a comparison between the car and the Tesla Model Y, while 9% made a comparison with the Nio ES6 during their car purchase decision. On June 29, Xpeng (NYSE: XPEV) successfully launched the G6 model in China, marking the commencement of deliveries on…
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