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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.
4h
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 ...
19h
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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9h
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 ...
5h
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 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 ...
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
11h
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 ...
Autocar Pro
9h
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 ...
1d
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 ...
1d
Volkswagen divests from controversial plant in China's Xinjiang
German carmaker Volkswagen is withdrawing from its controversial involvement in a factory in China's Xinjiang province, which ...
1d
Volkswagen, Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor are selling their Xinjiang factory following human rights concerns. They've also extended their ...
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