Electric car companies in China welcomed the Year of the Snake with several incentives, after major automakers reported a drop in deliveries to start the year.
Electric car companies in China welcomed the Year of the Snake with several incentives, after major automakers reported a drop in deliveries at the start the year.
Electric car companies in China welcomed the Year of the Snake with a slew of incentives for consumers, after major automakers reported a drop in deliveries at the start of the year.Softness in Chinese consumption indicators has raised worries that automakers may not be able to sell their accumulated car inventory, said Liz Lee, associate director at Counterpoint Research."So around the Chinese New Year holidays ... they just started aggressive promotions. Let's see how it will last.
The latest incentives are"significant" and are"ways of dropping prices without dropping price," said Stephen Dyer, partner and managing director, co-lead of Greater China at consulting firm AlixPartners. Dyer also heads the firm's Asia automotive and industrials practice.
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