BYD and Geely bank on big discounts, Xpeng’s ‘super AI’ SUV : 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.

1. BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals.

2. China’s EV price war dashes profit hopes of 90% of brands, AlixPartners says

Visitors at the 21st Shanghai International Automobile Industry Exhibition in April. Photo: Xinhua
Visitors at the 21st Shanghai International Automobile Industry Exhibition in April. Photo: Xinhua

Less than 10 per cent of EV brands in China will turn a profit in the next five years, as the industry grapples with a price war and chronic overcapacity, according to AlixPartners.

3. Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000

Xiaomi co-founder and CEO Lei Jun speaks at the launch of the YU7 SUV car in Beijing on May 22. Photo: AFP
Xiaomi co-founder and CEO Lei Jun speaks at the launch of the YU7 SUV car in Beijing on May 22. Photo: AFP

  

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