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BYD, China
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.
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.
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.
1d
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 ...
1d
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 ...
1d
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 ...
1d
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 ...
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 ...
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 ...
Dagens.com (AU) on MSN
7h
Porsche Reconsiders Electric Cars, Doubles Down on Petrol Models
Porsche is shifting gears when it comes to its electric vehicle strategy. The iconic Zuffenhausen-based brand has decided to ...
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