Etiqueta: Industry

Chairman of Great Wall Motor says EV price war, profitability problem could nudge industry into a liquidity crunch.

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

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

A new Chinese regulatory policy on the supply of rare earth magnets, which came into effect on April 4, requires exporters to obtain licences and submit detailed end-use documentation to ensure the materials are not used for military or restricted purposes

BYD has announced new partnerships to significantly expand its network of megawatt charging stations for electric cars beyond the 4,000 planned to date. BYD

(Bloomberg) -- BYD Co. shares fell, bringing losses over the past week to more than 17%, on concern that its price cuts are drawing government scrutiny and becoming unsustainable for the Chinese EV industry.Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryWhere the Wild Children’s Museums AreThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in Fir

BYD faces backlash for aggressive discounts in domestic EV market as Chinese officials warn of damage to supply chains and reputation.

BYD Co. shares continued their plunge despite monthly sales climbing to the highest this year as the steep discounts the industry uses to entice buyers draws scrutiny from Beijing.

BYD sold more cars in May than any other month this year, racking up 382,476 vehicle sales after cutting prices by as much as 34% in the final days of the month, according to a company statement Sunday. Out of the total, 376,930 were passenger vehicles. 204,369 were fully electric, while 172,561 were plug-in hybrids […]