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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.
The price war is putting some smaller Chinese players under financial pressure. BYD and Tesla have been playing a game of how-low-can-you-go on EV prices in China for the past year, and they don't ...
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.
Carmakers like BYD and SAIC Motor aren’t holding out hope for a ceasefire in the price war raging in China’s oversaturated EV sector.. The U.S. carmaker Tesla first initiated China’s EV ...
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.
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 ...