The dominance of Chinese brands on the domestic market is increasing rapidly.
Additionally:
Xiaomi officially launched the SU7, its first EV model, on March 28, offering three trims -- standard, Pro, and Max -- with starting prices of RMB 215,900 ($29,820)
On April 21, Tesla lowered the prices of all its models in China to cope with the intensifying competition.The locally produced Model 3 now start at RMB 231,900($32,000)
"Car of the hour in China" is the SU7 from Xiaomi. Over 100,000 pre-orders. The SU7 is in direct competition with the Tesla Model 3.
Mind you, this is for a car that has not yet been tested in practice. Buyers blindly trust the Xiaomi brand. The cars are manufactured by a contract manufacturer.
Aesthetically, I find the car very attractive.
The dominance of Chinese brands on the domestic market is...
-
- There are more pages in this discussion • 156 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $78.20M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $426.5K | 2.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 425203 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 83886 | 4 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |