Latest in EV news, technologies, data and insights from China market
Mercedes-Benz reported a net profit of €2.7 billion ($2.95 billion) for the first half of this year, down 55.8% from €6.1 billion ($6.67 billion) a year earlier.
In Week 33, BYD maintained dominance with 65,200 sales, followed by Tesla at 14,000 and NIO at 7,200. Leapmotor led new automakers, while Li Auto struggled. Competition intensifies.
William Li hinted at a competitive pricing strategy for NIO’s third-generation ES8, suggesting it may cost over $69,600 but needs to differentiate from rivals while appealing to consumers.
According to Tesla China’s official website, customers in China who order the Model Y L are expected to receive delivery in September.
NIO enhances the price-performance ratio across its vehicle portfolio by reconfiguring battery costs.
To counter market competition, Tesla makes another concession by reinstating physical stalks.