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fromInsideEVs
3 days ago

China's EV Market Is Eating Its Own Tail

China is producing far more electric vehicles than domestic demand can absorb, causing massive unsold inventories, deep discounting, and financial strain despite subsidy-driven production incentives.
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World news
fromwww.bbc.com
3 weeks 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 weeks 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.
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