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Overseas market share and higher profit margins are driving a price war among car manufacturers in China, leading to a spread of the conflict to other nations as these companies seek to maintain their edge in the electric vehicle industry.

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 Overseas market share and higher profit margins are driving a price war among car manufacturers in China, leading to a spread of the conflict to other nations as these companies seek to maintain their edge in the electric vehicle industry. - SCMP

Quick Summary:

In Southeast Asia, Chinese EV builders from established giants like BYD and Great Wall to start-ups such as Hozon are offering discounts in a bid to take on Japanese rivals whose petrol cars dominate the market.

Deloitte China said BYD had a 33 per cent share of the EV market in the Asean countries.

Hozon’s Neta V pure-electric car now sports a price tag of 549,000 baht, 30 per cent cheaper than BYD’s Dolphin electric sedan, while Changan’s Lumin EV is priced at 480,000 baht.


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 Overseas market share and higher profit margins are driving a price war among car manufacturers in China, leading to a spread of the conflict to other nations as these companies seek to maintain their edge in the electric vehicle industry. - SCMP (Picture 1)

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-24 @ 20:46:06 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 838 words

Reading Time: 5 minutes read

Sentences: 20 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21074723

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 4 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 8 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story " Overseas market share and higher profit margins are driving a price war among car manufacturers in China, leading to a spread of the conflict to other nations as these companies seek to maintain their edge in the electric vehicle industry." was covered 3 weeks ago by SCMP, a news publisher based in Hong Kong.

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  • URL: https://beamstart.com/news/chinas-ev-price-war-spreads-17165551572267

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