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BYD Executive Says No ‘Evergrande’ Risk Among Mainstream Chinese Automakers
- BYD announced substantial price cuts on multiple electric and hybrid car models in China starting early 2025, triggering increased competition in the market.
- The discounts followed a two-year China EV price war partly driven by Tesla's presence and were set amid a slowdown in China’s economy and weak consumer demand.
- Leading Chinese automakers such as Geely and BYD, with plans to achieve sales of around 5.5 million vehicles this year including 800,000 units overseas, are engaging in aggressive price cuts to outcompete smaller domestic manufacturers.
- Industry analyst Zhong Shi remarked that BYD's recent move has unsettled the market, causing significant disruption and increasing concerns among smaller carmakers about their competitiveness.
- This price war is expected to intensify pressure on smaller manufacturers in China and potentially disrupt global markets, while BYD’s moves may prompt similar strategies overseas.
36 Articles
36 Articles
BYD executive says no ‘Evergrande’ risk among mainstream Chinese automakers
BEIJING (Reuters) -An executive at top Chinese electric vehicle manufacturer BYD said on Friday there was no “Evergrande” risk among mainstream Chinese automakers. Last week, Great Wall Motor Chairman Wei Jianjun said the country’s auto industry had its own Evergrande, referring to the debt-laden developer that became the centre of a liquidity crisis in China’s property sector. Wei’s critical comments were a reminder of the risks facing the indu…
Fierce Price War Batters China’s Auto Stocks as Industry Leader Warns of ‘Evergrande-Like’ Crisis
A fresh wave of steep price cuts by BYD sent shockwaves through China’s auto sector, raising fears of escalating price wars and causing the automaker’s stocks to tumble. At the same time, an industry leader’s warning about the emergence of an “Evergrande” within China’s auto industry—referencing the once-dominant, now debt-ridden property developer that is facing court-ordered liquidation—quickly went viral on Chinese social media, amplifying co…
Li Auto Second-Quarter Sales Set to Disappoint Amid EV Price War
Li Auto Inc. forecast second-quarter revenue that fell short of what investors are expecting, as the Chinese electric vehicle maker struggles amid intensifying competition in the world’s biggest automobile market.
How China’s EV Boom Powers Its Tech Rise
At NIO’s design workshop in suburban Shanghai, engineers spread billets of clay onto an aluminum frame of a basic car. A robotic arm with a mechanized drill bit then carves a series of grooves into the clay corresponding to a designer’s sketch. The rough surface is then painstakingly smoothed with palette knives before aluminum foil is pasted on top. Finally, the sleek-looking metallic model is rolled into a sunlit courtyard where every curve an…
The price struggle between the manufacturers of e-cars continues. BYD offers up to 34 percent discount – and overtakes Tesla's sales figures in Europe.
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