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BYD asks suppliers to cut prices
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.
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.
2h
on MSN
Volkswagen sells its car plant in Xinjiang, citing ‘economic reasons’
Volkswagen has sold its plant in Xinjiang, a region in northwestern China beset by accusations of human rights abuses, citing ...
17h
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 ...
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7h
SAIC, VW extend joint venture to 2040
China's SAIC Motor and German car group Volkswagen AG have extended their joint venture by 10 years, prolonging their ...
1d
on MSN
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 ...
3h
SAIC’s Maxus Joins BYD in Pushing Suppliers for 10% Price Cut
SAIC Motor Corp.’s Maxus brand has joined market leader BYD Co. in seeking a 10% price cut from suppliers, another sign China ...
1d
on MSN
Volkswagen Sells Plant In China’s Xinjiang Region After Years Of Forced Labor Allegations
Earlier this year, the U.S. blocked imports of several Porsche, Bentley, and Audi vehicles amid concerns that they contained ...
Yicai Global
9h
SAIC, Volkswagen Extend China JV Tie-Up to 2040
SAIC Volkswagen is based in Anting, Shanghai's Jiading district, and has production bases in Nanjing, Yizheng, Urumqi, Ningbo ...
15h
on MSN
VW And SAIC Extend Deal To 2040, Plan New Hybrids And Range-Extender EVs, End Controversial Xinjiang Plant
Volkswagen and China’s SAIC have signed a deal extending their partnership to 2040. The pair announced their recommitment to ...
Autocar Pro
7h
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 ...
23h
Volkswagen, SAIC Motor announce new JV agreement
Group announced that it is strengthening its 40-year partnership with SAIC Motor for the long term. In Shanghai, both ...
19h
VW buckles after years of pressure to sell up in Xinjiang
Volkswagen will sell its operations in China's Xinjiang, it said on Wednesday, after years of mounting pressure to abandon ...
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