Hold off car purchase - massive discounts in china

[Telugodura456]

China lo electric car price cuts have gone to gas cars as well. BMW is offerring discounts as much as $15k anta.

Soon they come to us also

https://www.investors.com/news/china-ev-price-war-tesla-triggers-brutal-battle-as-growth-plans-face-sales-reality/

Tesla Triggered China EV Price War, But Who Will Win As Growth Plans Face Sales Reality?

BYD, China's No. 1 EV maker and automaker, aims to more than double sales in 2023. (Luoyunfei/Visual China Group/Newscom)

 Licensing

• APARNA NARAYANAN
• 03:20 PM ET 03/09/2023

The China EV price war has reached a fever pitch — kicked off by Tesla — with the mass market for electric vehicles the new battlefront in the world's largest and fastest-growing market for electric vehicles.

 

 

 

 

 

 

 

Good afternoon, everyone, and welcome to the stock market today.

 

 

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Chinese EV and battery giant BYD (BYDDF) is the mass-market juggernaut, but Tesla (TSLA) has thundered into this segment after slashing prices, threatening EV startups like XPeng (XPEV) and scores of domestic players jostling for position.

Even premium EV makers Nio (NIO) and Li Auto (LI) eye mass-market forays, with an idea to increase volumes with more affordable models and quicken their quest for profits.

The world's largest EV market is set to grow even more competitive, spilling over into Europe and the rest of Asia, as China exports excess supply into those regions. China's price war will hit profit margins for some EV makers while others accept deeper losses to maintain sales. Ultimately, Wall Street expects a survival-of-the-fittest shakeout, leaving a few dominant China EV players while weaker brands fade away.

Tesla stock has been a big winner in 2023, but has been pulling back as the initial demand burst from global price cuts quickly wanes. BYD stock and Li Auto are up modestly this year, but well off early February highs. Nio stock and XPeng are down in 2023, not far from long-term or all-time lows.

[Gorantlamdhav]

Discount kosam visa teeskoni china poyi car koni ikkadiki tevalai antey ma manager vacation istado ledo doubtful

[Sarvapindy]

moonnella kinda kuda gitlane post esindu evado..tesla price reduce valla 

[BommaliNinnodhala]

Hold off everything unnecessary man — now is the time bend east 

[pandu123b]

28 minutes ago, BommaliNinnodhala said:

Hold off everything unnecessary man — now is the time bend east 

this is realization 😀  

[BommaliNinnodhala]

4 minutes ago, pandu123b said:

this is realization 😀  

Realization why man — common sense no as per situation no—

[dasari4kntr]

ee evergrande situation enti..?

@ramudu @Vaampire @Ryzen_renoir@Telugodura456

[Telugodura456]

4 minutes ago, dasari4kntr said:

ee evergrande situation enti..?

@ramudu @Vaampire @Ryzen_renoir@Telugodura456

they just hype any bad news on china. What is situation ra @Ryzen_renoir - punakaalu punakaalu raasav appudu.

[Gorantlamdhav]

51 minutes ago, BommaliNinnodhala said:

Hold off everything unnecessary man — now is the time bend east 

abba ninna post veyalsindi chicken and beer konna weekend ki interest rates perugutay ani

[BommaliNinnodhala]

1 minute ago, Gorantlamdhav said:

abba ninna post veyalsindi chicken and beer konna weekend ki interest rates perugutay ani

Home made Food ki unnecessary anukunte alane follow avvu myan — more savings like kota in aaha na pellanta

[Thokkalee]

There might be another reduction in early April 

[Scurvy]

23 minutes ago, Thokkalee said:

There might be another reduction in early April 

Any relaible source? 
I am looking to purchase.

[Scurvy]

Ltt