Latest news with #QinPlus
Yahoo
10-06-2025
- Automotive
- Yahoo
China EV price war heats up among top manufacturers
China's electric vehicle (EV) sector is witnessing an intensifying price war, with BYD at the centre of a dispute involving emissions compliance and competitive pricing, as rivals Great Wall and Geely voice their concerns. The dispute, which began in 2023 over allegations that BYD's top hybrid models did not meet emissions standards, has escalated as Geely publicly supported Great Wall's claims. The price war has further strained relationships within the industry, with BYD's aggressive pricing strategy leading to a broader impact on auto stocks. Great Wall's chairman, Wei Jianjun, has been vocal about the industry's health and the ongoing regulatory investigation into BYD's emissions compliance. Despite BYD's dismissal of these concerns as "alarmist", the company has not directly addressed the emissions issue. "Wei Jianjun is a genuine, honest person and is our industry's whistleblower," Yang said in videos of his speech posted online by The Paper and other local media outlets. At a recent auto conference, Geely's vice president Victor Yang, backed Great Wall's allegations, claiming that their independent tests concurred with the emissions concerns. This public stance by Geely has added fuel to the fire in the ongoing dispute between the leading EV makers. In response to the criticism, BYD's general manager of branding and public relations, Li Yunfei, took to Weibo to defend the company's use of non-pressurised fuel tanks in its Qin Plus and Song Plus plug-in hybrids. Li stated that these tanks complied with regulations at the time but acknowledged that BYD had updated them following customer complaints. However, Li's post was later removed, and the company has not provided further comments. The feud between these automotive giants comes as China's EV market is already facing intense competition. BYD's recent price cuts, which saw the starting price of its cheapest model drop to 55,800 yuan ($7,771.05), have led to a sell-off in auto stocks. In response to the escalating price war, the Ministry of Industry and Information Technology (MIIT) summoned automakers to a meeting, urging the sector to refrain from further price reductions and to address inventory issues raised by dealers. "China EV price war heats up among top manufacturers" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
10-06-2025
- Automotive
- News18
EV Giants Clash In China, BYD Faces Backlash Over Emissions And Price Wars
Last Updated: BYD recently dropped the price of its cheapest model to just 55,800 yuan (£6,100), causing a major stir in the market. A long-running dispute between China's electric vehicle (EV) giants has flared up again. The rivalry between BYD and Great Wall Motor over emissions standards has taken a fresh turn, with Geely now stepping into the fight. This all began in 2023, when Great Wall reported BYD to Chinese regulators. The claim? That BYD's top-selling hybrid models—Qin Plus and Song Plus—did not meet China's emissions standards, as per Reuters. Last month, the issue resurfaced when Wei Jianjun, Chairman of Great Wall, raised new concerns about the ongoing EV price war and confirmed the emissions probe was still under review. BYD Hits Back BYD responded strongly, dismissing Wei's remarks as 'alarmist." However, the company did not directly address the emissions accusations this time. Back in 2023, BYD had said its vehicles fully complied with the rules. Now, Geely's Vice President, Victor Yang, has added fuel to the fire. At a recent auto conference in Chongqing, Yang stated that Geely's own tests showed the same emission issues. He even praised Wei Jianjun, calling him a 'genuine, honest person" and the industry's 'whistleblower." The Fuel Tank Controversy The main concern lies in BYD's use of non-pressurised fuel tanks in the two hybrid models. These tanks allow fuel to evaporate faster than pressurised ones, raising emission worries. BYD's Li Yunfei, General Manager of Branding and PR, responded on Weibo, stating that the tanks used from 2021 to 2023 followed all rules at the time. However, he admitted they were later changed due to customer complaints. His post was later deleted, and BYD gave no comment on why it was removed. China's Ministry of Industry and Information Technology (MIIT), which is part of the emissions investigation, has not commented yet. Meanwhile, Great Wall and Geely have also remained quiet, with Geely pointing only to Yang's public speech as its official stance. A Market Under Pressure This public clash comes at a tense time for China's EV market. BYD has been slashing prices to boost sales—its cheapest model now starts at just 55,800 yuan (£6,100). These price cuts have sparked a wider auto stock sell-off, making investors and other automakers uneasy. In response, MIIT reportedly called a closed-door meeting with carmakers last week, asking them to stop the aggressive pricing. Car dealers have also requested automakers to stop pushing unsold stock onto them. First Published: June 10, 2025, 09:10 IST
Time of India
09-06-2025
- Automotive
- Time of India
China's EV makers turn on BYD as price war escalates
Fierce competition among China's leading EV makers has intensified, with a long-running dispute between BYD and Great Wall Motor over emissions compliance escalating after Geely joined in to criticise BYD's aggressive price cuts. The row dates back to 2023, when Great Wall Motor reported BYD to Chinese regulators, alleging that its two best-selling hybrid models failed to meet emissions standards. The issue re-emerged last month when Great Wall's chairman, Wei Jianjun, expressed concerns about the ongoing price war and confirmed that the regulatory probe was still active. BYD dismissed his remarks on the industry's health as "alarmist" but did not comment on the emissions issue. At the time, BYD rejected the claim and said its vehicles met China's emission standards. On Saturday, Geely's vice president, Victor Yang, publicly backed Great Wall's claims at an auto conference in Chongqing, stating that Geely had conducted its own emissions tests and reached the same conclusions. "Wei Jianjun is a genuine, honest person and is our industry's whistleblower," Yang said in videos of his speech posted online by The Paper and other local media outlets. Great Wall Motor's claims concern BYD's use of non-pressurised fuel tanks in its Qin Plus and Song Plus plug-in hybrids, which let the liquid inside evaporate more rapidly than in pressurised ones. BYD's general manager of branding and public relations, Li Yunfei, responded to Geely's comments on Sunday on his Weibo account, saying that the non-pressurised tanks used in its cars between 2021 and 2023 were compliant with the regulatory requirements at the time but added that BYD had since changed them due to customer complaints. Li's Weibo post was no longer there on Monday, although Reuters could not verify the reason for this and the company did not immediately reply to a request for comment. Great Wall Motor did not immediately respond to a request for comment on Monday, while Geely referred Reuters to the videos posted online of Yang's speech and declined to provide additional comment. China's Ministry of Industry and Information Technology, one of the regulators involved in the emissions probe, did not immediately respond to a request for comment. The escalating feud comes as China's EV market faces intense competition as BYD's recent price incentives, which reduced the starting price of its cheapest model to 55,800 yuan ($7,771.05), triggered a broader sell-off in auto stocks. Following this, MIIT called for the sector to halt its price wars and summoned automakers to a meeting last week, two sources familiar with the matter said. The meeting was first reported by Bloomberg. Dealers have also urged automakers to stop dumping inventory on them.
TimesLIVE
09-06-2025
- Automotive
- TimesLIVE
China's EV makers turn on BYD as price war escalates
Fierce competition among China's leading electric vehicle (EV) makers has intensified, with a long-running dispute between BYD and Great Wall Motor (GWM) over emissions compliance escalating after Geely joined in to criticise BYD's aggressive price cuts. The row dates back to 2023, when GWM reported BYD to Chinese regulators, alleging its two best-selling hybrid models failed to meet emissions standards. The issue re-emerged last month when GWM's chair Wei Jianjun expressed concern about the ongoing price war and confirmed the regulatory probe was still active. BYD dismissed his remarks about the industry's health as 'alarmist' but did not comment on the emissions issue. At the time, BYD rejected the claim and said its vehicles met China's emission standards. On Saturday, Geely's vice-president Victor Yang backed GWM's claims at an auto conference in Chongqing, stating Geely had conducted its own emissions tests and reached the same conclusions. 'Wei Jianjun is a genuine, honest person and is our industry's whistle-blower,' Yang said in videos of his speech posted online by The Paper and other local media outlets. GWM's claims concern BYD's use of non-pressurised fuel tanks in its Qin Plus and Song Plus plug-in hybrids, which let the liquid inside evaporate more rapidly than in pressurised ones. BYD's GM of branding and public relations Li Yunfei responded to Geely's comments on Sunday on his Weibo account, saying the non-pressurised tanks used in its cars between 2021 and 2023 were compliant with the regulatory requirements at the time but added that BYD had since changed them due to customer complaints. Li's Weibo post was no longer there on Monday, though Reuters could not verify the reason for this and the company did not immediately reply to a request for comment. GWM did not immediately respond to a request for comment on Monday, while Geely referred Reuters to the videos posted online of Yang's speech and declined to provide additional comment. China's ministry of industry and information technology (MIIT), one of the regulators involved in the emissions probe, did not immediately respond to a request for comment. The escalating feud comes as China's EV market faces intense competition as BYD's recent price incentives, which reduced the starting price of its cheapest model to 55,800 yuan (R137,596), triggered a broader sell-off in car stocks. After this, the MIIT called for the sector to halt its price wars and summoned carmakers to a meeting last week, two sources familiar with the matter said. The meeting was first reported by Bloomberg. Dealers have also urged carmakers to stop dumping inventory on them.
Business Recorder
09-06-2025
- Automotive
- Business Recorder
China's EV makers turn on BYD as price war escalates
BEIJING: Fierce competition among China's leading EV makers has intensified, with a long-running dispute between BYD and Great Wall Motor over emissions compliance escalating after Geely joined in to criticise BYD's aggressive price cuts. The row dates back to 2023, when Great Wall Motor reported BYD to Chinese regulators, alleging that its two best-selling hybrid models failed to meet emissions standards. The issue re-emerged last month when Great Wall's chairman, Wei Jianjun, expressed concerns about the ongoing price war and confirmed that the regulatory probe was still active. BYD dismissed his remarks on the industry's health as 'alarmist' but did not comment on the emissions issue. At the time, BYD rejected the claim and said its vehicles met China's emission standards. On Saturday, Geely's vice president, Victor Yang, publicly backed Great Wall's claims at an auto conference in Chongqing, stating that Geely had conducted its own emissions tests and reached the same conclusions. 'Wei Jianjun is a genuine, honest person and is our industry's whistleblower,' Yang said in videos of his speech posted online by The Paper and other local media outlets. China EV giant BYD reboots Europe operations after strategic stumbles, sources say Great Wall Motor's claims concern BYD's use of non-pressurised fuel tanks in its Qin Plus and Song Plus plug-in hybrids, which let the liquid inside evaporate more rapidly than in pressurised ones. BYD's general manager of branding and public relations, Li Yunfei, responded to Geely's comments on Sunday on his Weibo account, saying that the non-pressurised tanks used in its cars between 2021 and 2023 were compliant with the regulatory requirements at the time but added that BYD had since changed them due to customer complaints. Li's Weibo post was no longer there on Monday, although Reuters could not verify the reason for this and the company did not immediately reply to a request for comment. Great Wall Motor did not immediately respond to a request for comment on Monday, while Geely referred Reuters to the videos posted online of Yang's speech and declined to provide additional comment. China's Ministry of Industry and Information Technology, one of the regulators involved in the emissions probe, did not immediately respond to a request for comment. The escalating feud comes as China's EV market faces intense competition as BYD's recent price incentives, which reduced the starting price of its cheapest model to 55,800 yuan ($7,771.05), triggered a broader sell-off in auto stocks. Following this, MIIT called for the sector to halt its price wars and summoned automakers to a meeting last week, two sources familiar with the matter said. The meeting was first reported by Bloomberg. Dealers have also urged automakers to stop dumping inventory on them.
