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China, BYD

Fortune on MSN · 50m

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.

CNN on MSN · 1h

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 Sells Plant In China’s Xinjiang Region

The Associated Press - Busines… · 21h

Volkswagen, partner SAIC to sell joint venture plant in west China's Xinjiang

Bangkok — Volkswagen AG and Shanghai's SAIC Motor have agreed to sell a factory in China's far western Xinjiang region that drew criticism due to accusations by western governments of human rights violations.

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.

electriccarsreport.com · 56m

Volkswagen Group and SAIC Motor extend their joint venture agreement until 2040

Volkswagen Group and SAIC Motor announced on Wednesday that they have signed an extension for their joint venture contract in Shanghai until 2040.

1h

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 ...

19hon MSN

China’s Xinjiang region has been accused of using forced labor for years. Now VW has sold its plant, citing economic reasons

Volkswagen has sold its plant in Xinjiang — a Chinese region beset by accusations of human rights abuses — citing “economic ...

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