0506 GMT - The magnitude of price cuts in China's electric-vehicle industry this year should be much less than last year, Jefferies analysts write in a note. Since inventories at BYD dealers are much lower and the profitability of new car sales is much better, the analysts reckon BYD is unlikely to kick off an aggressive price war like last year. Among the top Chinese EV makers, Xiaomi, Huawei-backed Harmony Intelligent Mobility Alliance and XPeng are outperformers by new order intakes, they note. The introduction of Tesla's full-self driving features in China this year could serve as a good example for its Chinese rivals on how carmakers can commercialize their advanced assisted driving technologies, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 06, 2025 00:06 ET (05:06 GMT)
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