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Leaked BYD Letter Signals China EV Price War Is Set to Intensify
BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify.
BYD asks suppliers to cut prices as China auto war intensifies
BEIJING (Reuters) -Chinese automaker BYD is asking its suppliers to cut their prices, in a sign that a brutal price war in the world's largest auto market is set to escalate. Citing a leaked email dated Nov.
Chinese Automakers Tell Suppliers to Cut Costs as Price War Deepens
China’s electric vehicle market is the world’s largest — and also its most cutthroat, with dozens of brands jostling for position.
China’s EV price war set to intensify next year as BYD squeezes suppliers
The carmaker urged its suppliers to send over their quotes by December 15 and officially mark down prices starting next year, executive vice-president He Zhiqi wrote in an email circulated on social media on Wednesday.
3h
Electric vehicle deal with China is not close, top EU trade official says
Fifty hours of negotiations ‘have not led to an agreement on price undertakings’, Sabine Weyand, EU director general for ...
1h
on MSN
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040.
GlobalData on MSN
2d
EU-China electric vehicle tariff negotiations near resolution – report
Separately, Beijing has instructed its auto manufacturers to pause investments in EU countries supporting additional tariffs.
10h
Exclusive: China's Hesai to halve lidar prices next year, sees wide adoption in electric cars
China's Hesai Group , the world's largest maker of lidar sensors for autonomous driving, said it plans to slash the price of ...
4h
on MSN
Electric car sales are slowing in the US and Europe as both fans and skeptics share concerns
While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the ...
1d
Will Trump’s plan to kill the EV tax credit help China?
As the incoming Trump administration prepares to make aggressive cuts to government spending, one major provision of the ...
4d
EU, China close to agreement over EV import tariffs, leading MEP says
Brussels and Beijing are nearing a solution over tariffs on Chinese electric vehicle imports into the bloc, the chair of the ...
Interesting Engineering on MSN
3d
China EV industry hits new peak in Google Trends, surpasses 10 million units
Recent Google Trends analysis reveals that consumer interest in China's electric vehicles far exceeds attention to broader ...
2d
EV Battery Maker Calls for Cheaper EU Energy to Counter China
The South Korean owner of the European Union’s largest factory of electric-vehicle batteries called on the bloc to reduce ...
Iowa Public Radio
5d
How will China impact the future of climate change? You might be surprised
As a new Trump administration signals a retreat on climate action, China is stepping up. China is the biggest producer of ...
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