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China, BYD

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

Carscoops on MSN · 16h

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 the joint venture 40 years after teaming up. SAIC Volkswagen plans to introduce 18 EVs and PHEVs to the Chinese market by 2030.

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.

The Washington Post · 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

中国日报网8h

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 ...

4h

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 ...

1don 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 ...

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