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BYD asks suppliers to cut prices

Fortune on MSN · 11h

China’s carmakers don’t see the country’s fierce price war ending anytime soon as they press suppliers for discounts

Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV sector.

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

China’s top maker of electric vehicles (EV) wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight to a vicious price war nor economic gloom marked by lower wages and uncertain prospects.

Reuters on MSN · 1d

BYD asks suppliers to cut prices as China auto war intensifies

BEIJING (Reuters) -Chinese automaker BYD is asking its suppliers to cut their prices, in a sign that a brutal price war in the world's largest auto market is set to escalate. Citing a leaked email dated Nov.

The New York Times · 1d

Chinese Automakers Tell Suppliers to Cut Costs as Price War Deepens

China’s electric vehicle market is the world’s largest — and its most cutthroat, with dozens of brands jostling for position.

The Financial Times · 1d

China’s EV price war set to intensify next year as BYD squeezes suppliers

The carmaker urged its suppliers to send over their quotes by December 15 and officially mark down prices starting next year, executive vice-president He Zhiqi wrote in an email circulated on social media on Wednesday.

Volkswagen to Exit China’s Xinjiang Region

CNN on MSN · 11h

Volkswagen sells its car plant in Xinjiang, citing ‘economic reasons’

Volkswagen has sold its plant in Xinjiang, a region in northwestern China beset by accusations of human rights abuses, citing “economic reasons.” “There is no business case for (the plant),” said a spokesperson,

SAIC Volkswagen agrees to sell controversial Xinjiang, China, auto plant

Germany's Volkswagen Group and its Chinese partner have sold a factory in the Xinjiang region of China, where accusations of forced labor dogged the facility for many years.

The New York Times · 1d

Volkswagen to Exit China’s Xinjiang Region After 12 Years

The automaker has long been criticized by human rights activists for doing business in the territory, where China has repressed Muslim ethnic groups.

中国日报网16h

SAIC, VW extend joint venture to 2040

China's SAIC Motor and German car group Volkswagen AG have extended their joint venture by 10 years, prolonging their ...

6h

SAIC, Volkswagen extend joint venture agreement to 2040: companies told GT

On the occasion of SAIC Volkswagen's 40th anniversary, SAIC Motor and the Volkswagen Group signed an extended joint venture ...

12h

SAIC’s Maxus Joins BYD in Pushing Suppliers for 10% Price Cut

SAIC Motor Corp.’s Maxus brand has joined market leader BYD Co. in seeking a 10% price cut from suppliers, another sign China ...

1d

Volkswagen, SAIC Motor announce new JV agreement

Group announced that it is strengthening its 40-year partnership with SAIC Motor for the long term. In Shanghai, both ...

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