Price War Sparks EV Financial Crisis Concerns in China

Price war sparks EV financial crisis concerns in China

BYD, the world’s largest electric vehicle (EV) manufacturer, is facing growing challenges from an intensifying price war and a change in supplier payment regulations in China, raising market concerns about the company’s financial stability. On May 23, the Shenzhen-based EV maker initiated a price war in China by offering discounts of 10 to 30%. It […] The post Price war sparks EV financial crisis concerns in China appeared first on Asia Times.

Tourists in Japan shift away from luxury shopping and concerns over BYD price cuts

In the latest episode of Nikkei Asia News Roundup, hosts Jada Nagumo and Brian Chapman discuss the downstream effects of Chinese EV maker BYD's price

Value-hungry Aussies will benefit from even more auto brands, says BYD

Australians want even more choice when it comes to new car makes and brand loyalty is all but dead, declares BYD's local marketing boss.

BYD's Deep Discounts Spark China Industry Alarm Over 'Disorderly' EV Price War Chaos

BYD is now saying the EV price war is ‘not sustainable,’ yet it’s still slashing prices

The price war on electric cars in China is quickly getting out of control. BYD's executive president, Stella Li, is saying the EV price war, which it essentially created, is "not sustainable" anymore. more . . .