31 All-Electric Models Cut Prices in Jan–Aug 2026, Down 33 Year-on-Year

From January to August 2026, a total of 100 vehicle models in China's domestic automotive market underwent price reductions, down by 36 models compared to the same period in 2025. Among these, 36 conventional internal combustion engine (ICE) models saw price cuts, unchanged from the same period in 2025; 5 hybrid electric vehicles (HEVs) reduced prices, an increase of 1 model year-over-year; 22 plug-in hybrid electric vehicles (PHEVs) lowered prices, consistent with the same period in 2025; 6 extended-range electric vehicles (EREVs) cut prices, down by 4 models year-over-year; and 31 battery electric vehicles (BEVs) reduced prices, a decline of 33 models compared to the same period in 2025. In August 2026 alone, 10 vehicle models underwent price reductions, down by 13 models compared to August 2025. This included 2 conventional ICE models, down by 3 year-over-year, and 6 BEVs, down by 8 year-over-year. In terms of pricing, from January to August 2026, the average price of new energy vehicles (NEVs) that reduced prices was RMB 264,000, with an arithmetic average price reduction of RMB 30,000, representing an average discount of 11.5%. In August 2026 alone, the average price of NEVs that reduced prices was RMB 256,000, with an arithmetic average price reduction of RMB 45,000, amounting to an average discount of 17.8%.