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BYD, China and Tesla
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.
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.
Tesla and BYD are gearing up for another round in China's brutal EV battle
Elon Musk's EV maker and BYD are asking suppliers to cut prices and rolling out discounts as they brace for another round in China's brutal EV battle.
Electrek
4h
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 ...
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 ...
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 ...
2d
on MSN
Building Apple Products Has Become a Side Hustle for China’s Biggest EV Maker
Apple products say on the box “assembled in China,” leaving the mystery of who did the assembling. Owners of a new iPad might ...
7h
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 ...
2d
on MSN
BYD sets record: 500,000+ NEVs sold for the second consecutive month in November
BYD (OTCPK:BYDDF), the Chinese automotive giant, has once again shattered its sales records. The company sold a staggering ...
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