China EV price war: Nio, Xpeng and Li Auto report steep sales plunge as Tesla’s recent discounts lure buyers

Q: How long will it take to read this news story?

The story "China EV price war: Nio, Xpeng and Li Auto report steep sales plunge as Tesla’s recent discounts lure buyers" has 48 words across 2 sentences, which will take approximately 1 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "China EV price war: Nio, Xpeng and Li Auto report steep sales plunge as Tesla’s recent discounts lure buyers" was covered 1 months ago by SCMP, a news publisher based in Hong Kong.

Q: How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news. The outlet is headquartered in Hong Kong and publishes an average of 10 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #5046788</li><li>URL: https://beamstart.com/news/china-ev-price-war-nio-16752551971466</li></ul>

SCMP Logo SCMP 1 mo ago

China EV price war: Nio, Xpeng and Li Auto report steep sales plunge as Tesla’s recent discounts lure buyers - SCMP

Quick Summary:

Nio, Xpeng and Li Auto got off to a slow start in 2023 as the Lunar New Year holiday disrupted production and sales slowed following recent Tesla price cuts and the end of a government subsidy.

Visitors view cars from Xpeng Motors at the Chengdu Motor Show 2022 in Chengdu, capital of southwest China’s Sichuan Province, on August 26, 2022.