Etiqueta: Geely

BYD has shocked the new car marketplace in China by slashing prices on its cars by up to 34%. Is it playing the long game?

A ruthless discount blitz from BYD is shaking the foundations of China's auto industry and threatening mass consolidation

BYD Stock Dives as Dealer Inventory Overhang Prompts Heavy Discounts

BYD’s fresh price cuts have reignited China’s fierce EV price war, sending stocks of major local automakers tumbling.

Manufacturers are continuing to slash prices and offer premium features to lure in customers

BYD Co. shares extended losses in Hong Kong trading Tuesday — taking their two-day slide to more than 10% — as last week’s sweeping price cuts stoked concern of another wave of discounting in China’s cutthroat electric car market.

(Bloomberg) -- El fabricante sueco de automóviles Volvo Car AB planea eliminar alrededor del 7% de su plantilla global para reducir costos, contrarrestar menor demanda y proteger sus ganancias.La medida afectará a unos 3.000 puestos de trabajo, incluidos 1.000 consultores, según informó Volvo el lunes. El fabricante emplea a unas 43.800 personas, más de la mitad de ellas en Suecia.Volvo incurrirá en costos de reestructuración de hasta 1.500 millones de coronas suecas (US$140 millones), lo que af

BYD has triggered another EV price war in China by slashing the price of several models, sending the stocks of...

The Chinese market leader BYD is offering considerable discounts on models from the Dynasty and Ocean series in its home market as part of a promotion until