Will China's EV price war lead to cheaper cars in Australia? | The Business | ABC NEWS

The Chinese government and investors are increasingly concerned about intensifying price wars in the country's car industry. China's largest EV manufacturer BYD has seen its share price slump by 13 per cent since it announced aggressive price discounts in late April, ranging from 10 to 30 per cent. Other car manufacturers including Geely and Chery have followed suit. The editor of "The Driven", Giles Parkinson, says these price discounts may be passed on to Australian consumers, but to a much lesser extent than we're seeing in China, and they'll take a while to flow through. Giles Parkison says the Australian EV market lacks demand and the intense competition that's driving price wars in China. Mr Parkinson says BYD is making significant inroads in the Australian market, overtaking Tesla in April as the top selling EV maker, selling twice as many cars. But he says that may have been a one-off as the result of Tesla being impacted by logistical issues on top of its broadly declining sales. Tesla's woes are at least in some part attributed to the diminishing popularity of its chief executive Elon Musk, who took an active role in the Trump administration. Mr Musk recently announced he's leaving his job at the White House to focus on running Tesla.
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