A round of dramatic price cuts by Chinese manufacturers in their domestic market last weekend has raised the possibility of a similar strategy being adopted in the UK, says FleetCheck. The Financial Times is reporting that BYD has “fired a new salvo in a prolonged price war” by reducing prices of 20 different models by up to 34% with other manufacturers … [Read more...]
EV price war on horizon
A price war is looming in the ev sector which will benefit buyers but hit dealers and fleets, an analyst said this week. This week, as Tesla cut prices again and the number of cheaper Chinese-made models are coming into Britain, the European motor industry and trade is seriously worried about how they will make money as spending tightens. Early this year, … [Read more...]
