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China, BYD

Fortune on MSN · 14h

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.

Reuters on MSN · 1d

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.

The New York Times · 1d

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.

The Financial Times · 1d

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.

Volkswagen Sells Plant In China’s Xinjiang Region

The Associated Press - Busines… · 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

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 forced labor dogged the facility for many years.

Autocar Pro · 19h

Volkswagen Group advances ‘In China, for China’ strategy, extends JV with SAIC until 2040

Over the next three years alone, the Group and its brands will bring 40 new models to the Chinese market, half of which will be electrified.

Gangnamtimes on MSN2h

Audi Unveils 764-HP Electric Concept Car with a Range of 435 Miles—Just for China

Audi partners with SAIC to launch a new EV brand in China, featuring a unique design and advanced performance for local ...

Business Recorder7m

China stocks drop on heightened trade tensions

The blue-chip CSI 300 index closed down 0.88%, while the Shanghai Composite index slid 0.43% at 3,295.70. Most sectors closed ...

1d

Volkswagen, Chinese partner SAIC to sell joint venture plant in west China's Xinjiang

Volkswagen and SAIC Motor are selling their Xinjiang factory following human rights concerns. They've also extended their ...

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