BYD and Geely bank on big discounts, Xpeng’s ‘super AI’ SUV : 7 EV reads

2025-07-09 07:00:09 英文原文

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1. BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals.

2. China’s EV price war dashes profit hopes of 90% of brands, AlixPartners says

Visitors at the 21st Shanghai International Automobile Industry Exhibition in April. Photo: Xinhua

Less than 10 per cent of EV brands in China will turn a profit in the next five years, as the industry grapples with a price war and chronic overcapacity, according to AlixPartners.

3. Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000

Xiaomi co-founder and CEO Lei Jun speaks at the launch of the YU7 SUV car in Beijing on May 22. Photo: AFP

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摘要

- BYD and Geely Auto maintained high sales last month through significant discounts, increasing market share and intensifying competition. - AlixPartners predicts that only 10% of EV brands in China will be profitable over the next five years due to a price war and excess capacity. - Xiaomi's SU7 SUV has seen strong demand with pre-orders reaching 240,000.