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1. BYD prices new SUV at aggressive US$18,300 to attract young consumers
China’s BYD, the world’s largest electric vehicle maker, has launched its new Titanium 3 SUV at a starting price of 133,800 yuan (US$18,320), intensifying its push to dominate the market through aggressive pricing and new technologies.
2. No-shows at Shanghai car expo reflect brutal mainland competition
At least 15 companies did not show up at this year’s Shanghai Auto Show, adding to evidence that cutthroat competition and rapid consumer movement toward electric vehicles (EVs) are edging more players out of the world’s largest car market.
3. Chinese EV exports shift to Russia, Middle East amid US, Europe tariffs: report
China’s car shipments are projected to cool this year due to geopolitical tensions following two years of rapid growth, while US tariffs will saddle the nation’s auto industry with an additional US$46 billion in export costs, according to management consultancy AlixPartners.