Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for smiling oO, Xiao Zhan cut, pigeon to Yong Zhi, knight-errant have attitude clues to deliver! CTOnews.com April 2 news, at the beginning of this year, Tesla, BYD and other large manufacturers have started a price war, and fuel models have also significantly reduced prices because of the national six b standard.

Li Bin, CEO of Xilai, said at the China Electric vehicle 100 Forum (2023) that Tesla does not have the so-called industry pricing power in China's new energy vehicle market, and Xilai will not participate in the price war. Mr Li revealed that Tesla had pricing power in the US market because it had a market share of 60 per cent to 70 per cent, but only 7 per cent in China.

Price war is certainly not the best way, we want to think about what value has been created for users, it is difficult to imagine 'using the lowest price to get the best products and services', which is not true in economic theory.

BYD and Changan, Guangzhou Automobile, SAIC, Geely, today many of their counterparts are doing very well, Chinese brand cars are doing very well. So I think Tesla's price reduction is also a method adopted by him in the face of such fierce competition from Chinese brands in the Chinese market, which is understandable, but I don't think he really has the so-called pricing power. He does have pricing power in the United States. I think this just proves that China's excellent counterparts are doing very well.

(Tesla) in fact, Model S and Model X can't fight a price war, because its cost is there. Model 3, Model Y people often talk about its cost now, in fact, we still have to look at it dialectically.

In my opinion, the value should be equal to this price, this is the key, not blindly to low prices, blindly low prices may not be good for the industry, not vicious competition.

Weilai delivered 10378 new cars in March, an increase of 3.9 percent over the same period last year, including 3203 high-end smart electric SUV and 7175 high-end smart electric cars. A total of 31041 new cars were delivered in the first quarter of 2023, an increase of 20.5% over the same period last year; so far, a total of 320597 new cars have been delivered.

CTOnews.com previously reported that Q4 and its full-year results for 2022 were released on March 1. Q4 revenue is 16.06 billion yuan, and the market is expected to be 17.265 billion yuan, compared with 9.901 billion yuan in the same period last year. Total revenue was 49.2686 billion yuan ($7.1433 billion), an increase of 36.3% over the same period last year.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.