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BYD, China
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 reported by CPCA. However, its Model 3 and Model Y vehicle sales increased by 15.5% compared to the previous month.
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.
China’s EV price war set to intensify next year as BYD squeezes suppliers
BYD, Tesla’s biggest rival in China, has demanded its suppliers slash prices by 10 per cent, as the world’s largest auto market braces for a fresh salvo in a cut-throat price war.
China, GM
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 level of subsidies.” Barra explained that low-cost loans enable some companies to sell cars at a loss, which puts pressure on foreign automakers like GM.
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 joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.
Losses in China lead to $5-billion charge for General Motors
The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge.
7h
General Motors is taking a $5 billion-plus hit on its operations in China
GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur ...
Electrek
2d
BYD just shattered its 2024 delivery goal after another record-breaking sales month
China’s leading EV maker has already sold more vehicles this year than expected. After another record-breaking sales month in ...
8h
on MSN
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 ...
2d
on MSN
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.
7d
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 ...
1d
on MSN
BYD raced past its annual delivery target ahead of schedule, throwing down the gauntlet for Tesla
BYD has now sold over 3.7 million cars this year, meaning it has smashed its annual target of 3.6 million sales with a month ...
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