Etiqueta: GAC

Beijing has cracked down amid fears that cut-throat competition is hurting industry

The 14 carmakers say the move came as a result of regulatory guidance on the sustainable development of China’s auto sector.

China's major automakers and some new carmakers have pledged to shorten supplier payment terms amid concerns about supply chain security.

BYD, already a clear leader in the Chinese auto market, has been accused of indulging in unfair competition with repeated price cuts and by forcing others to follow suit.

On Thursday, BYD Company Limited (OTC:BYDDF) announced plans to nearly triple its dealership network in South Africa by 2026. This aggressive expansion aims to grow the company’s market share in what is considered Africa’s largest automotive market. BYD launched in South Africa in 2023 with its battery electric ATTO 3 vehicle and currently operates ~13 […]

Recently, the automotive industry has been in an uproar: Great Wall Motors' Chairman Wei Jianjun's statement "the Evergrande of the automotive industry already exists, it just hasn't exploded yet" instantly ignited public opinion. Although no names were mentioned, all eyes are on BYD, which has liabilities of 594.3 billion yuan. At the same time, BYD launched the largest price cut in history during the "618" shopping festival, with 22 models seeing discounts of up to 53,000 yuan, directly causing a major dip in the new energy vehicle sector. This move has made investors restless: on one hand, there's the overwhelming "Evergrande theory," and on the other, a fierce price war...