Latest news with #X3Pro
Qatar Tribune
a day ago
- Automotive
- Qatar Tribune
Chinese automakers get stern ‘price war' warning after discount spree
Agencies A top industry group had a stern rebuke Saturday for automakers fueling a 'price war', a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit. 'Since May 23, a certain automaker has taken the lead in launching a substantial price drop campaign... triggering a new round of 'price war' panic,' the China Association of Automobile Manufacturers (CAAM) said in a statement posted to its WeChat account. The group warned that such 'disorderly' competition would 'exacerbate harmful rivalry' and hurt profit. The statement, dated May 30, did not single out any company by name, but on May 23, BYD announced it was offering big trade-in discounts on nearly two dozen makes, offering discounts of up to 34 percent. Its cheapest model, the smart-driving Seagull, now goes for a starting price of 55,800 yuan ($7,800), down from 69,800 yuan, with a trade-in. Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two 'entry-level' models through June 8. Geely Auto announced Friday limited-time trade-in subsidies for 10 models, with its X3 Pro going for the lowest starting price of 44,900 yuan. But there is growing domestic criticism against what the autos association called 'involution' -- a popular tag used to describe the race to outcompete that ends up nowhere. The CEO of China's Great Wall Motor, whose annual revenue was roughly a quarter of BYD's, compared it to the start of China's years-long housing slump triggered by the 2021 default of property giant Evergrande. 'Evergrande in the auto industry already exists,' Wei Jianjun said this month in an interview with Chinese outlet Sina Finance. 'I hope that... all these years of hard work will not go to waste.' Beijing has poured vast state funds into the electric vehicle sector, supporting the development and production of less polluting battery-powered vehicles. But China's automakers association on Saturday warned its goliaths to play fair. 'Leading companies must not monopolise the market,' the CAAM statement said. It added that 'with the exception of lawful discounting, companies must not sell products below cost nor engage in misleading advertising'.
Japan Today
2 days ago
- Automotive
- Japan Today
Chinese automakers get stern 'price war' warning after discount spree
BYD was not singled out by name, but a leading China automakers group warned of a "price war" after the company cut prices on nearly two dozen models A top industry group had a stern rebuke Saturday for automakers fueling a "price war", a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit. "Since May 23, a certain automaker has taken the lead in launching a substantial price drop campaign... triggering a new round of 'price war' panic," the China Association of Automobile Manufacturers (CAAM) said in a statement posted to its WeChat account. The group warned that such "disorderly" competition would "exacerbate harmful rivalry" and hurt profit. The statement, dated May 30, did not single out any company by name, but on May 23, BYD announced it was offering big trade-in discounts on nearly two dozen makes, offering discounts of up to 34 percent. Its cheapest model, the smart-driving Seagull, now goes for a starting price of 55,800 yuan ($7,800), down from 69,800 yuan, with a trade-in. Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two "entry-level" models through June 8. Geely Auto announced Friday limited-time trade-in subsidies for 10 models, with its X3 Pro going for the lowest starting price of 44,900 yuan. But there is growing domestic criticism against what the autos association called "involution" -- a popular tag used to describe the race to outcompete that ends up nowhere. The CEO of China's Great Wall Motor, whose annual revenue was roughly a quarter of BYD's, compared it to the start of China's years-long housing slump triggered by the 2021 default of property giant Evergrande. "Evergrande in the auto industry already exists," Wei Jianjun said this month in an interview with Chinese outlet Sina Finance. "I hope that... all these years of hard work will not go to waste." Beijing has poured vast state funds into the electric vehicle sector, supporting the development and production of less polluting battery-powered vehicles. But China's automakers association on Saturday warned its goliaths to play fair. "Leading companies must not monopolise the market," the CAAM statement said. It added that "with the exception of lawful discounting, companies must not sell products below cost nor engage in misleading advertising". Such behavior disrupted the market and harmed both consumer and the industry, it said. An unnamed official from China's Ministry of Industry and Information Technology added that price wars "produce no winners and no future", the state-backed Global Times reported Saturday. © 2025 AFP
France 24
3 days ago
- Automotive
- France 24
Chinese automakers get stern 'price war' warning after discount spree
"Since May 23, a certain automaker has taken the lead in launching a substantial price drop campaign... triggering a new round of 'price war' panic," the China Association of Automobile Manufacturers (CAAM) said in a statement posted to its WeChat account. The group warned that such "disorderly" competition would "exacerbate harmful rivalry" and hurt profit. The statement, dated May 30, did not single out any company by name, but on May 23, BYD announced it was offering big trade-in discounts on nearly two dozen makes, offering discounts of up to 34 percent. Its cheapest model, the smart-driving Seagull, now goes for a starting price of 55,800 yuan ($7,800), down from 69,800 yuan, with a trade-in. Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two "entry-level" models through June 8. Geely Auto announced Friday limited-time trade-in subsidies for 10 models, with its X3 Pro going for the lowest starting price of 44,900 yuan. But there is growing domestic criticism against what the autos association called "involution" -- a popular tag used to describe the race to outcompete that ends up nowhere. The CEO of China's Great Wall Motor, whose annual revenue was roughly a quarter of BYD's, compared it to the start of China's years-long housing slump triggered by the 2021 default of property giant Evergrande. "Evergrande in the auto industry already exists," Wei Jianjun said this month in an interview with Chinese outlet Sina Finance. "I hope that... all these years of hard work will not go to waste." Beijing has poured vast state funds into the electric vehicle sector, supporting the development and production of less polluting battery-powered vehicles. But China's automakers association on Saturday warned its goliaths to play fair. "Leading companies must not monopolise the market," the CAAM statement said. It added that "with the exception of lawful discounting, companies must not sell products below cost nor engage in misleading advertising". Such behaviour disrupted the market and harmed both consumer and the industry, it said. An unnamed official from China's Ministry of Industry and Information Technology added that price wars "produce no winners and no future", the state-backed Global Times reported Saturday.
Yahoo
08-03-2025
- Yahoo
I Wore the TCL RayNeo X3 Pros at MWC 2025. This Is What AR Smart Glasses Should Be
The bread and butter of Mobile World Congress" target="_blank in Barcelona is the slew of new phones that companies unveil at the show every year. But MWC is also a popular place for companies creating wearable tech to show off their latest innovations. This includes companies like TCL, which is best known for its TVs (and is increasingly becoming known for its Nxtpaper phones" target="_blank and tablets), but that also makes smart glasses. When it comes to smart glasses, competition is really heating up, and TCL's RayNeo X3 Pro AR glasses, first announced at CES, provide a compelling alternative to more-basic smart glasses, such as the Meta Ray-Bans. Meta's smart glasses don't have displays in the lenses, but the X3 Pro glasses do -- thanks to projections onto the glass using wave guides. Read more: MWC 2025 Products You Can Buy Right Now Based on the smallest micro-LED light engine, the 2,500-nit, full-color display is visible while you're wearing the glasses, even in bright sunlight. I tried on the X3 Pros at MWC, but unfortunately it was inside a dark convention center hall, so I couldn't test out the screens in different conditions. But I could see them clearly, and they seemed to sit just at the right height to provide me with an easy viewing experience without obscuring anything. In a demo at MWC, I saw how the glasses used a front-facing camera to examine the signs around me and automatically translate the words and phrases into French using AI (other languages are also available). This was effective, but I couldn't judge how well the AI live conversation translation works, because the hall was too noisy to pick up individual voices. I also couldn't try the built-in AI agent, as it's currently working only in Chinese. It should be ready to go in English by the time the X3 Pro hits the international market in mid-May (for around $2,000). Read more: All the Strange, Bizarre and Wonderful Gadgets and Concepts at MWC The X3 Pro is less weighty and bulky than its predecessors. At just 3 ounces, the glasses were light enough to wear without feeling uncomfortable, but they still looked comically large on my fairly average head -- a problem with most smart glasses. As for the gesture controls on the arms of the glasses, they were easy to pick up and seemed to work pretty much flawlessly, which is a rare feat. Many companies are aiming to strike the right balance between aesthetics, wearability and functionality, and TCL has come pretty darn close. The X3 Pros are ultimately a well-executed vision of what AR glasses should be, where you can see both a screen and the world beyond and around it. One thing we're curious about but couldn't test on the show floor is battery life, which could be a deal-breaker as to whether we'd recommend this product.
