Chinese electric vehicle maker NIO began reducing its prices recently, starting with the ES6, ES8, and ES7 models. This promotion plan was first announced at the company's regular meeting on the morning of February 1.
On January 13, Huawei-backed electric vehicle brand AITO suddenly announced price reductions of 30,000 yuan ($4,462), bringing the cost of its M5 and M7 EVs down to 259,800 yuan and 289,800 yuan, respectively.
Tesla suddenly posted record-low vehicle prices for the Chinese market on January 6, causing many Chinese car owners to organize in an attempt to defend their consumer rights.
On January 6, the starting prices of Tesla's Model 3 and Model Y in China dropped to 229,900 yuan ($33,458) and 259,900 yuan ($37,825) respectively, the lowest prices ever for both vehicles, with an estimated delivery period of one to four weeks.
Affected by positioning upgrades, material costs, the continued impact of COVID-19, exchange rate fluctuations and other factors, the unit price of the upcoming Xiaomi 13 smartphone series is expected to increase by 15-20% to around 4,500 yuan ($628).
Following recent cuts made by Tesla to its electric vehicle prices in the Chinese market, BYD announced on November 23 that it will increase the prices of its Dynasty series, Ocean series and Denza vehicles, ranging from 2,000 yuan ($279) to 6,000 yuan ($838).
After Tesla launched its "price reduction promotion" in China, the market began to wait and see whether other new energy vehicle brands would follow suit. Recently, XPeng Motors, a Chinese new energy vehicle manufacturer, seemed to follow the move.
China's auto market experienced challenges in October. Tesla's late October price reduction in China raised questions regarding whether or not there will be price reductions by other new energy vehicle enterprises in the country.
Tesla announced price adjustments for mainland China on October 24. Subsequently, many Tesla car owners in China who had recently made orders set up "rights protection groups" on WeChat, but some were taken in by fraudsters.
The M5 and M7 models of AITO, a Chinese automaker established jointly by Huawei and Seres, have undergone price reductions of 8,000 yuan ($1,096). AITO is the first new energy vehicle brand in China to follow in the footsteps of Tesla's latest decision.
On October 24, Tesla announced that from now on, the prices of its Model 3 and Model Y in China will be reduced. Specifically, the starting price of its Model 3 rear-wheel drive version has been set at 265,900 yuan ($36,663), down 12,000 yuan.
Chinese EV maker XPeng officially launched its flagship SUV, the G9, two days ago. However, its complex configuration has exposed the company to much criticism. It has announced an overhaul, which has resulted in a price reduction of 20,000 yuan ($2,805).
According to data from research institute WeMeta, the average price of virtual land on six platforms based on Ethereum dropped from about $17,000 apiece in January this year to about $2,500 apiece in August, a decrease of 85%.
Chinese electric vehicle maker Leapmotor said on July 31 that due to factors such as rising upstream raw material prices, the company will adjust the retail price of its T03 models (except T03 2022 special edition).
On July 25, Apple's official website in China showed that it had launched a limited-time offer from July 29 to August 1, covering a range of its available products, including the iPhone 13 line up of smartphones.
Heated discussion arose Tuesday night on Chinese microblogging platform Weibo regarding the drastic dropping of prices for digital collectibles on iBox.
Exposed conference notes belonging to Chinese electric vehicle (EV) firm BYD have surfaced recently, showing that the price of many models are set to increase.
Shenzhen-based BYD released a statement on Friday regarding the recently increased price of its Dynasty and Ocean series new energy vehicle (NEV) models, which have become more expensive by up to 7,000 yuan ($1,105).
On November 10, the official website of Tesla China displayed an estimated delivery time of the Standard Range version of its Model Y was adjusted from 6-10 weeks to 10-14 weeks.
Rental markets in key cities across China have basically recovered throughout the month of August, including an increase in the overall transaction volume for Beijing, a report showed.