{"id":32447,"date":"2024-04-22T08:20:41","date_gmt":"2024-04-22T08:20:41","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/22\/chinas-state-planner-warns-intensified-ev-price-war-on-oversupply\/"},"modified":"2024-04-22T08:20:41","modified_gmt":"2024-04-22T08:20:41","slug":"chinas-state-planner-warns-intensified-ev-price-war-on-oversupply","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/22\/chinas-state-planner-warns-intensified-ev-price-war-on-oversupply\/","title":{"rendered":"China’s state planner warns intensified EV price war on oversupply"},"content":{"rendered":"
\"China’s<\/div>


\n<\/p>\n

China’s state planner<\/a> expects an intensified price war among automakers<\/a> of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday.
The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total of 150 new cars launched this year, intensifying competition.<\/p>\n
\n
\n

Elevate Your Tech Prowess with High-Value Skill Courses<\/h3>\n\n\n\n\n\n\n
Offering College<\/th>\nCourse<\/th>\nWebsite<\/th>\n<\/tr>\n
Indian School of Business<\/td>\nISB Professional Certificate in Product Management<\/td>\nVisit<\/a><\/td>\n<\/tr>\n
IIM Lucknow<\/td>\nIIML Executive Programme in FinTech, Banking & Applied Risk Management<\/td>\nVisit<\/a><\/td>\n<\/tr>\n
Indian School of Business<\/td>\nISB Product Management<\/td>\nVisit<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

<\/div>\n

NDRC also estimated the market demand for new energy vehicles<\/a>, including EVs and plug-in hybrids, to grow 2.1 million units this year, but BYD , Aito and Li Auto, the three top NEV brands, had planned increase deliveries by 2.3 million units for 2024, signaling oversupply<\/a>.<\/p>\n

Falling battery costs and economies of scale will be the other two main reasons for price cuts in NEVs, which will range from 5% to 10% this year in the southern city of Shenzhen, a metropolis with high EV adoption, NDRC said.<\/p>\n

BYD and Denza cars have been leading the price cuts with reductions of 7.15% to 9.7% to the prices of five models in April compared with those at the beginning of the year, according to NDRC. <\/p>\n

Li Auto cut prices on four of its models, following the moves by Tesla and BYD. <\/p>\n

\n
\n
\n
\n

Discover the stories of your interest<\/h3>\n<\/div>\n
<\/span><\/span><\/div>\n<\/div>\n<\/section>\n<\/div>\n

<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday. The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total of 150 new […]<\/p>\n","protected":false},"author":2,"featured_media":32448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/88591548.cms","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[168,7940,36302,18794,36304,36303,1718,2480,3102,5219],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/32447"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=32447"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/32447\/revisions"}],"predecessor-version":[{"id":32449,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/32447\/revisions\/32449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/32448"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=32447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=32447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=32447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}