#price-war

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World news
fromwww.bbc.com
10 hours ago

BYD shares slide as China's EV price war hits profits

BYD's profits fell 30% amid an aggressive EV price war in China, causing its shares to drop and prompting Beijing to warn against excessive discounts.
fromBusiness Insider
3 days ago

China's era of one-yuan lattes and cheaply delivered meals is cratering

The intense rivalry among the three tech giants has showered Chinese consumers with dirt-cheap indulgences - bubble tea and lattes for as little as 1 Chinese yuan, or $0.14, and meals dropped at their door in under 30 minutes. It's not just food. As growth in China's traditional e-commerce slows, companies are racing into the new fast-delivery segment. "It can be flowers, it can be medications, it can be toiletries," Jason Yu, the managing director for Greater China at consumer insights company Kantar Worldpanel, told Business Insider.
World news
#electric-vehicles
frominsideevs.com
1 month ago
Cars

China's Government Wants To Hit The Brakes On EV Overinvestment

Chinese government seeks to curb EV price wars and overcapacity impacting competition.
from24/7 Wall St.
3 months ago
European startups

Chinese EV Price Cuts Aim to Cripple Tesla

Chinese EV companies engage in a price war, impacting Tesla's market share.
Tesla's operational income declines, threatening its profitability and market presence.
Tesla’s future might rely on autonomous vehicle technology rather than sales volume.
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