Etiqueta: Great Wall Motor
Chinese automakers get stern ‘price war’ warning after discount spree
A top industry group had a stern rebuke Saturday for automakers fuelling a "price war", a week after Chinese EV giant BYD announced sweeping trade-in discounts, with multiple competitors following suit.Days later, Stellantis-backed Chinese EV startup Leapmotor announced similar discounts on two "entry-level" models through June 8.
China’s BYD and Great Wall Motor clash over China’s auto price...
BEIJING (Reuters) - Tensions between two of China's largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry "unhealthy". Shares in Chinese automakers such as BYD, Nio and XPeng tumbled this week after the chairman of Great Wall Motor, Wei Jianjun, worried openly about China's deepening price war
BYD exec refutes allegations calling NEV maker ‘Evergrande of auto industry’
BYD's brand chief refuted recent allegations based on metrics including debt ratio, total debt, and payment cycles to suppliers.
China’s EV Market Faces Brutal Test After BYD’s Aggressive Price Cuts
BYD's aggressive price cuts are rattling China's EV giants. Margin squeeze and fierce competition threaten the sector's future.
BYD’s Aggressive EV Price Cuts Spark Market Shake-Up and Stock Declines
China’s electric vehicle (EV) giant BYD Co. has ignited a fresh wave of competition in the world’s largest auto market by slashing prices by up to 34% on 22 electric and plug-in hybrid models.
BYD Shares Plunge After Deep Discounts Spark EV Price War Fears
BYD Stock Dives as Dealer Inventory Overhang Prompts Heavy Discounts
Chinese car makers’ shares plummet as price war heats up
Manufacturers are continuing to slash prices and offer premium features to lure in customers
Chinese regulator gathers automakers to discuss zero-mileage used car sales, report...
China's commerce ministry will meet with industry bodies and automakers to discuss the sale of used cars that have never been driven, Reuters reported.
Exclusive-China regulator summons automakers to discuss ‘zero-mileage’ used car sales
SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. It comes after Great
Exclusive-China regulator summons automakers to discuss sale of ‘zero-mileage’ used cars
SHANGHAI (Reuters) -China's commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss an emerging trend of sales of "used cars" that were never driven, a person with direct knowledge of the matter said. The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity. It follows last week's comments by Great Wall Motor's
