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download 188bet Li Auto is offering a generous package of discounts and benefits, including a car maintenance subsidy of RMB 5,000 (4) to buyers of its electric vehicles, joining the latest wave of a ferocious price war among Chinese automakers that began late last year. Several salespeople told the Chinese financial media outlet Yicai on Aug. 18 that customers are also eligible for other special offers, such as a RMB 10,000 subsidy provided by the municipal government of the southwestern Sichuan province. This could result in substantial savings on vehicle purchase prices for buyers nationwide, as Li Auto showrooms located outside the Sichuan province can issue invoices offsite, the report said. The eight-year-old EV manufacturer faces increased competition from larger rivals like BYD and Great Wall Motor, which launched similar family SUV models – the Denzas N8 and the Blue Mountain, respectively – earlier this year. [Yicai, in Chinese]

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download 188bet Dutch officials are planning to restrict China’s access to edge-cutting chip technologies and equipment as part of a deal with US officials, sources familiar with the matter have told Bloomberg. The curbs under discussion could be implemented as soon as next month, according to Bloomberg sources. The move could affect key Netherlands-based chipmaking equipment supplier ASML, whose products are critical for most advanced chips. US officials unveiled new chip export bans on China in October, leading ASML to instruct its employees to stop serving Chinese clients. According to ASML, 5% of its undelivered orders will be affected by the US’s new export controls. [Bloomberg]