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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 ...
Tesla, which sparked the price war last year, has extended a 10,000 yuan discount on outstanding loans for its best-selling Model Y in China until the end of this month.
Another EV price war threatens profitability. In China, the world's largest auto market, EV leaders BYD and Tesla are engaged in a bitter price war that initially weighed heavily on BYD's bottom line.
Despite speculation China's price war is easing, Tesla's troubles only grow as the Model 3 faces heightened pressure from a key rival. ... China’s brutal EV war forces BYD to cut starting price ...
Volkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Thomas Schäfer says VW wants to remain the biggest international automaker in the country.
GM CEO Mary Barra says there's so much EV competition in China that it's driving a price war that isn't sustainable Lloyd Lee,Erin Snodgrass Updated October 30, 2024 at 6:19 AM
The automaker lowered the starting price for the Qin Plus EV and hybrid by 15% and 20%, respectively, versus price cuts of 8% and 11% respectively for the two models in 2023, Reuters calculations ...
(Reuters) -The group representing China's auto manufacturers has retracted a pledge to avoid "abnormal pricing" that it had brokered between 16 automakers, including Tesla, breaking off a truce in ...