Etiqueta: Geely

(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

(Bloomberg) -- BYD Co. lideró la caía de las acciones de empresas chinas de vehículos eléctricos en Hong Kong el lunes, mientras los inversionistas digerían los fuertes recortes de precios de hasta un 34% anunciados por el gigante automotriz a fines de la semana pasada.Las acciones de la marca de automóviles más vendida de China se hundieron hasta un 8,3%, mientras que sus competidores Li Auto Inc., Great Wall Motor Co. y Geely Automobile Holdings Ltd. registraron descensos superiores al 5% ante

SHANGHAI (Reuters) -Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world's largest auto industry was in an unhealthy state. The Hong Kong-listed shares of BYD Co Ltd closed 8.6% lower, while Geely Auto fell 9.5%. Chinese electric vehicle giant BYD over the weekend announced a fresh round of subsidies and incentives for more than 20 models, which reduced the starting price of its cheapest model, the pure battery-powered Seagull hatchback, to 55,800 yuan ($7,765).

BYD offers discounts of 10 to 30 per cent on 22 of its battery-powered and plug-in hybrid models.

Carmaker BYD last week offered discounts for many of its models, triggering industry concerns about another price war.

Industry leader BYD announces fresh round of price cuts for its models

Citi estimates that BYD's price reduction may have seen a 30% to 40% spike in footfall at its dealership store on May 24 and 25, from the previous weekend.