The Chinese EV Market Is Now Unbeatable
New subsidies, dizzying variety for consumers and sluggish demand for EVs in other parts of the world is helping China ...
EVs to get even cheaper as price war enters ‘knockout’ round
Industry heavyweight BYD, which is backed by Warren Buffett’s Berkshire Hathaway, has demanded its auto-parts suppliers cut ...
China's BYD poised to silently dominate Indian EV market as local carmakers adopt its latest blade batteries
India's largest automobile manufacturer Maruti Suzuki last month revealed its first electric SUV, e Vitara, in Italy where ...
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its ...
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GM sees $5 billion impact from restructuring in China
GM’s CEO Mary Barra told Fortune in October that China’s EV price war “has become a race to the bottom with pricing and the ...
GM Takes $5B Hit to Restructure Struggling China Ventures
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the ...
GM to record over USD 5 billion in charges on struggling China operations
U.S. automakers are struggling in the world's largest car market and General motors (GM) has announced another plan to write ...
Building Apple Products Has Become a Side Hustle for China’s Biggest EV Maker
BYD has grown into a top iPad assembler and has put around 100,000 people to work for Tim Cook’s company.
Tesla's November China EV Sales Drop 4.3% as BYD Hits New High
Tesla Inc. ( TSLA, Financial) announced a 4.3% year-over -year decline in November China-made EV sales to 78,856 units, as ...
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 ...
Losses in China lead to $5B charge for General Motors as it cuts the value of its assets
The poor performance of the Detroit automaker's Chinese joint ventures is forcing the company to write down assets and take a ...
Volkswagen begs for its future as EV crisis sees company fight for survival: 20,000 furious workers facing redundancies gather as management pleads with them to ac…
Volkswagen has insisted major cuts are needed in Germany to respond to Chinese competition, something workers have described ...