the Chinese brands They’ve just added an electric SUV model that underscores the ultra-low price market that’s starting to flood the world.
Premium sub-brand of chery cars, Exeed, has been officially launched globally Exeed Exlantix MX extended range mid-size SUV, Which is marketed in China as Exceed Excellantix ET5.
The model retails from $19,070 and competes as an entry-level market EREV class or Chinese medium-sized SUV Like him BYD Song L DM-i, Deepal S07 and Leapmotor C11which uses electric vehicle connectivity or range extender technology, he also revealed Argentine News Agency.
the Low price policy Accelerates International expansion of Chinese manufacturers and downward pressure on global priceswhich is the effect that can Reshaping the electric car world map.
Rain of offers
The Chinese automotive context is not the best to receive This new model with autonomy for a distance of 210 km, the The largest on the market within its price range.
the Low price policy Accelerates The international expansion of Chinese manufacturers and pressure on global prices, effect can Reshaping the electric car world map.
The Korea Automotive Research Institute released a report titled “The Internal Paradox of the Chinese Automotive Industry,” which notes that China produced about 55.7 million cars last year, although it managed to sell only 26.9 million in the domestic market.
According to the Chinese National Bureau of Statistics. In 2019, more than 500 new car companies were created, and today the average factory utilization rate is about 50%.
The result was this Between 2021 and 2024, the average price of Chinese electric cars fell from $31,000 to $24,000. With strong discounts from brands like BYD (already in Argentina)And Nio, Xpeng, and Li Auto.
The oversupply of production in China is increasing Price war and signs of imbalance in the global market.
Tesla China Model 3 and Model Y prices will be reduced by 9% in 2023, and BYD They responded with discounts of up to 20%.
Only four companies out of 130 managed to end the year with profits: BYD, Tesla China, Lee Auto, and GeelyWhich brings a bad omen.
Counselor Alex Partners It is expected that by 2030, Only 15 Chinese companies will be able to survive worldwide, While Asian manufacturers seek to compensate for internal saturation by expanding into new markets.
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