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

[Hamartia Antidote]

China’s premium EV makers report steep sales plunge after Tesla’s discounts

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.

www.scmp.com

• The top three domestic makers of high-end electric cars recorded monthly and year-on-year sales declines in January
• Some of the drops exceed 50 per cent, after Tesla’s early January price cuts appear to have been effective

China’s top three makers of premium electric cars got off to a slow start in 2023 as the weeklong Lunar New Year holiday disrupted production and sales slowed following recent Tesla price cuts and the end of a government subsidy.

The country’s top three domestic manufacturers of high-end electric vehicles (EVs) – Nio, Xpeng and Li Auto – all recorded monthly and year-on-year sales declines in January, with some of the drops exceeding 50 per cent.

Shanghai-based Nio delivered 8,506 vehicles to mainland customers in January, down 46.2 per cent from December and 11.9 per cent from the same period in 2022.
Guangzhou-headquartered Xpeng said its January deliveries dropped 53.8 per cent from a month earlier to 5,218 units, representing a year-on-year decline of 59.6 per cent.

Li Auto in Beijing handed over 15,141 vehicles to buyers, 28.7 per cent fewer than in December and 23.4 per cent below January 2022 deliveries.

 

[大汉奸柳传志]

a price war almost always leads to Chinese companies prevailing, Tesla will have a hard time surviving on such a small profit margin

 

[Hamartia Antidote]

a price war almost always leads to Chinese companies prevailing, Tesla will have a hard time surviving on such a small profit margin

Maybe BYD..but others may not be in such a position

Chinese EV maker Nio signals it is in no mood to join an industry price war

Nio president says ‘offering discounts to chase a rise in sales volume is not an ideal solution’ for premium EV brands.

www.scmp.com

 

[大汉奸柳传志]

Maybe BYD..but others may not be in such a position

Chinese EV maker Nio signals it is in no mood to join an industry price war

Nio president says ‘offering discounts to chase a rise in sales volume is not an ideal solution’ for premium EV brands.

www.scmp.com

That is strange, Nio has plenty big investors who don't care much about short term losses, a price war would be good for them.

 

[Hamartia Antidote]

Exclusive: Tesla to raise Shanghai output after price cuts stoke demand -memo

Tesla plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models, according to a planning memo seen by Reuters and a person with knowledge of the plan.

www.reuters.com

before the cuts

 

[大汉奸柳传志]

Tesla is practically half-Chinese

 

[Hamartia Antidote]

Tesla is practically half-Chinese

Not for long after Giga Berlin fully ramps up for the European market

Tesla sees over 900% sales growth in Germany in January

Tesla sales in Germany exploded during the month of January, even while the consumer car market contracted dramatically.

www.teslarati.com

 

[Menthol]

Not for long after Giga Berlin fully ramps up for the European market

Tesla sees over 900% sales growth in Germany in January

Tesla sales in Germany exploded during the month of January, even while the consumer car market contracted dramatically.

www.teslarati.com

This is the best move.

The best manufacturing practice from the East (China), combined with the best manufacturing practice from the West (Germany).

I want to see what it will become!


Btw, the price war is good.

I think EV is extremely unrealistically overpriced!

 

[Hamartia Antidote]

This is the best move.

The best manufacturing practice from the East (China), combined with the best manufacturing practice from the West (Germany).

I want to see what it will become!


Btw, the price war is good.

I think EV is extremely unrealistically overpriced!

It's more likely Italy's Idra as Tesla's future success is based on their Gigapress machines which allows Tesla to make significantly more cars in a given factory space than any other car manufacturer.