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China, BYD

Fortune on MSN · 9h

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.

SAIC, China and Xinjiang

Carscoops on MSN · 22h

VW And SAIC Extend Deal To 2040, Plan New Hybrids And Range-Extender EVs, End Controversial Xinjiang Plant

Volkswagen and China’s SAIC have signed a deal extending their partnership to 2040. The pair announced their recommitment to the joint venture 40 years after teaming up. SAIC Volkswagen plans to introduce 18 EVs and PHEVs to the Chinese market by 2030.

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.

Yicai Global · 15h

SAIC, Volkswagen Extend China JV Tie-Up to 2040

SAIC Volkswagen is based in Anting, Shanghai's Jiading district, and has production bases in Nanjing, Yizheng, Urumqi, Ningbo, Changsha, and other Chinese cities. In 2015, it surpassed FAW-Volkswagen Automotive, the JV of FAW Group and Volkswagen, to become the top-selling domestic passenger car company.

radiojamaicanewsonline31m

Volkswagen sells its car plant in China's Xinjiang, citing 'economic reasons'

Volkswagen has sold its plant in Xinjiang, a region in northwestern China beset by accusations of human rights abuses, citing ...

1don 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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