Etiqueta: Great Wall

Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers over long payment times as well as regulatory pressure as the backlash to a punishing price war grows.

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

China's electric vehicle (EV) sector is witnessing an intensifying price war, with BYD at the centre of a dispute involving emissions compliance.

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.

I recall the Chinese EV market getting into an extreme price war a couple of years ago, and then another one, and then another one…. The market has been in a series of prices for a long time, and BYD reportedly started another one recently. Some other big players in ... [continued]

BEIJING/SHANGHAI (Reuters) -Fierce competition among China's leading EV makers has intensified, with a long-running dispute between BYD and Great Wall Motor over emissions compliance escalating after Geely joined in to criticise BYD's aggressive price cuts. The row dates back to 2023, when Great Wall Motor reported BYD to Chinese regulators, alleging that its two best-selling hybrid models failed to meet emissions standards. The issue re-emerged last month when Great Wall’s chairman, Wei Jianjun, expressed concerns about the ongoing price war and confirmed that the regulatory probe was still active.

The BYD Xi'an and BYD Changsha car carriers have entered the sea trial phase and are set to enter service soon.

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

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...