China’s EV market faces fierce price competition

China’s EV market faces fierce price competition

Tech in Asia·2025-06-09 17:03

China’s EV market is experiencing intense price competition as automakers adjust strategies to maintain market share.

Tesla’s sales in China dropped 15% year-on-year in May.

BYD saw a 14% sales increase but had to offer substantial discounts to offset slowing growth, according to the China Passenger Car Association.

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