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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 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.
1h
EV sales' boom in China threatens to push gasoline demand off a cliff
There are still a lot of unknowns about how China's uptake of EVs will play out, such as whether full electrification can ...
17h
on MSN
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 ...
Electronics Purchasing and Supply News
1d
China’s EV Prowess Disrupts U.S. & EU Car Makers
The European EV industry faces significant challenges, including intense competition from Chinese EV and battery ...
5h
on MSN
China's State Media in Panic Over Incoming Trump Tariffs
Trump on Monday threatened an additional tariff of 10 percent unless China halts the flow of Fentanyl precursors.
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.
21h
Electric cars need a recharge as range limits, cost leave some drivers skeptical
While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the ...
9h
SAIC Volkswagen agrees to sell controversial Xinjiang, China, auto plant
Germany's Volkswagen Group and its Chinese partner have sold a factory in the Xinjiang region of China, where accusations of ...
5d
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 ...
Business Times
3h
China’s EV boom threatens to push petrol demand off a cliff
From Tesla chargers in the ancient alleys that surround the Forbidden City in Beijing to lonely highway rest stops with ...
CCN on MSN
4d
Can China’s Crowded EV Market Find Room for Growth Amid Western Restrictions?
In the last decade or so, a string of Chinese electric vehicle (EV) makers has emerged. However, their growth so far has been ...
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