China’s carmakers don’t see the country’s fierce price war ending anytime soon as they press suppliers for discounts
Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV sector.
China’s EV price war is so brutal that BYD is trying to pinch its suppliers
China’s top maker of electric vehicles (EV) wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight to a vicious price war nor economic gloom marked by lower wages and uncertain prospects.
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.
2025 EV price war looms as SAIC joins supply chain cost-cutting push
On November 26, BYD announced a directive requiring its suppliers to implement a 10% cost reduction starting January 1, 2025. Following this, SAIC Maxus has reportedly launched a similar initiative, also targeting a 10% cost cut across its upstream...
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.
Ola Electric's Bhavish Aggarwal declares a price war in e-scooters
On Tuesday, Ola Electric’s founder Bhavish Aggarwal announced two electric scooters — Ola S1Z and Gig — starting at an ...
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The war in Ukraine is straining Russia’s economy and society
The war he started in 2022 by invading Ukraine, he implied, was another such moment. “We are witnessing the formation of a ...
Business Insider5d
China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. Thomas Schäfer, CEO of the VW brand ...
ZTO Express: Expect An Extended Price War, Downgrade To Hold
ZTO Express' growth is hindered by a price war and market share loss. See why ZTO stock is downgraded to a "hold" rating amid inconsistent strategies.
Russian food prices are soaring — but no one dares blame Putin and the war
Russian President Vladimir Putin has denied that Russia has exchanged “butter for guns” and blamed the price rises on ...
Lebanon's Shiite Muslims pay high price in war between Israel and Hezbollah
The Lebanese civilians most devastated by the Israel-Hezbollah war are Shiite Muslims, and many of them believe they are ...
Apple's iPad 10th Gen plunges to $279 in early Black Friday price war
Grab the lowest iPad 10th Generation price on record as Amazon and Best Buy compete for the best early Black Friday deals.