Etiqueta: Geely

Following another round of price cuts last month, BYD is now facing backlash from top Chinese officials and regulators. China...

The Chinese government is getting involved in the wave of discounts for electric cars triggered by BYD. At a meeting organised by the Ministry of Industry and

El gobierno chino se está implicando en la oleada de descuentos para coches eléctricos impulsada por BYD. En una reunión organizada por el Ministerio de Industria y

(Bloomberg) -- Chinese officials summoned the heads of major electric vehicle makers, including BYD Co., to Beijing earlier this week to address concerns about the long-running price war, according to people familiar with the matter. Most Read from BloombergICE Moves to DNA-Test Families Targeted for Deportation with New ContractThe Global Struggle to Build Safer CarsNYC Residents Want Safer Streets, Cheaper Housing, Survey SaysThe Buffalo Architect Fighting for Women in DesignThe meeting was ho

(Bloomberg) -- Chinese officials summoned the heads of major electric vehicle makers, including BYD Co., to Beijing earlier this week to address concerns about the long-running price war, according to people familiar with the matter. Most Read from BloombergICE Moves to DNA-Test Families Targeted for Deportation with New ContractThe Global Struggle to Build Safer CarsNYC Residents Want Safer Streets, Cheaper Housing, Survey SaysThe Buffalo Architect Fighting for Women in DesignThe meeting was ho

Plugin vehicles reach 22% share, or 1.5 million units, in April. Global plugin vehicle registrations were up 22% in April 2025 compared to April 2024. There were around 1.5 million registrations. More good news is that BEVs pulled further ahead of plugin hybrids, growing 26% YoY to 1 million units ... [continued]

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...

The figures come on the heels of China’s top industry regulator promising to strengthen efforts to rein in “involution-style” competition in the country’s auto industry.

BYD is no longer just building electric cars; it’s building pressure. As China’s dominant electric vehicle (EV) maker cuts prices, scales exports, and tightens its grip on market share, competitors, especially at home, are feeling the strain, but in Africa and Asia, the tide may just be what they need ...

As BYD slashes prices again, automakers, regulators, and suppliers react sharply, warning of unsustainable tactics and long-term market risks