The competition for budget-conscious EV buyers in China heats up Daniel Ren Business – South China Morning Post

Competition in mainland China’s budget electric vehicle (EV) segment is likely to intensify as consumers seek value for money, according to dealers and analysts.
With at least a dozen intelligent EVs under 150,000 yuan (US$20,864) – from BYD to Leapmotor – qualifying for up to 20,000 yuan in subsidies, consumers are spoiled for choice. At the same time, a fierce price war is pulling in budget-conscious buyers.
“Consumption downgrade has spread to the car market as consumers are increasingly…Competition in mainland China’s budget electric vehicle (EV) segment is likely to intensify as consumers seek value for money, according to dealers and analysts.
With at least a dozen intelligent EVs under 150,000 yuan (US$20,864) – from BYD to Leapmotor – qualifying for up to 20,000 yuan in subsidies, consumers are spoiled for choice. At the same time, a fierce price war is pulling in budget-conscious buyers.
“Consumption downgrade has spread to the car market as consumers are increasingly…  Read More 

​Business – South China Morning Post