China NEV price cuts hit RMB 18,000 ($2,52 on average in October, marking an 11.1% drop and surpassing September’s 9.8%.
14 models recorded significant markdowns: 6 BEVs (-8%) and 3 PHEVs (-19%). PHEVs led the deepest declines, averaging reductions of RMB 42,000 ($5,88. #chinaev #nev